Ben and chris combined their love of hockey with a business venture. they purchased a small portable cart and began selling hockey memorabilia outside of the hometown hockey arena. their first year went well, but this past year has been a real struggle. due to poor economic conditions including a loss of jobs, ticket sales at the arena are down, which has significantly hurt their sales as well. as a recent business school graduate, you explain to ben and chris:

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

Refers to the way we conduct ourselves

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer