We are a photo studio, and due to the increase in work and staff, we have had to acquire three new cameras and accessories. The acquisition occurred in January 2018. The prices of the cameras are as follows: - Camera 1: 1.750 euros - Camera 2: 3.500 euros - Camera 3: 1.950 euros - Accessories: 4.550 euros Calculate: - The impairment loss of the asset at the end of 2020, taking into account that the recoverable amount of the acquisitions is: o Camera 1: 575 euros o Camera 2: 1.500 euros o Camera 3: 750 euros o Accessories: 2.200 euros

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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