Farley River Inc. Use the Information Presented Below for Farley River, Inc.for 2015

question 96

Multiple Choice

Farley River Inc.
Use the information presented below for Farley River, Inc.for 2015 and 2014 to answer the questions that follow.Farley River uses the straight-line depreciation method.
-Refer to the information for Farley River Inc.
Using the 2015 data, what is the average age of Farley River's property, plant, and equipment?

• A)1.60 years
• B)2.50 years
• C)4.00 years
• D)10.00 years

---

Definitions:

Barriers To Entry

Obstacles that make it difficult for new firms to enter a market, which may include high start-up costs, regulatory hurdles, or strong competition.

Monopolistic Competition

Market in which firms can enter freely, each producing its own brand or version of a differentiated product.

Monopoly

A market structure characterized by a single seller controlling the entire supply of a unique product or service, without close substitutes.

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, features, or brand identity, leading to non-price competition.