On january 1, 2019, wasson company purchased a delivery vehicle costing $40,000. the vehicle has an estimated 6-year life and a $4,000 residual value. wasson uses the units-of-production depreciation method and wasson estimates that the vehicle will be driven 100,000 miles. what is the vehicle's book value as of december 31, 2020, assuming the vehicle was driven 10,000 miles during 2019 and driven 18,000 miles during 2020?

American gas products manufactures a device called a can-emitor that empties the contents of old aerosol cans in 2 to 3 seconds. this eliminates having to dispose of the cans as hazardous wastes. if a certain paint company can save $75,000 per year in waste disposal costs, how much could the company afford to spend now on the can-emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?

Uppose the book-printing industry is competitive and begins in a long-run equilibrium. then hi-tech printing company invents a new process that sharply reduces the cost of printing books. suppose hi-tech's patent prevents other firms from using the new technology. which of the following statements are true about what happens in the short run? check all that apply. hi-tech's average-total-cost curve shifts downward. hi-tech's profits increase. the price of books remains the same. hi-tech's marginal-cost curve remains the same.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.