Jim is being paid $7.25 an hour to work at a restaurant. In the circular flow, this is an example of a:
household selling a resource in the factor market.
household buying goods and services in the factor market.
household buying goods and services in the product market.
business selling goods and services in the product market.

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $