On January 1, Year 1, Dade Company paid $23,000 cash to purchase a truck. The truck was expected to have a four year useful life and a $3,000 salvage value. If Dade uses the straight-line method, the amount of depreciation expense recognized on the Year 1 income statement is .

The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.