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Lil' Angels Kids Spa offers various treatments designed to appeal to the younger customer.Treatment options include manicures,pedicures,facials,tea parties,and dress up photos.Parents can even purchase a birthday party package.Lil' Angels offers its services only to girls under the age of 14.Originally begun in Delaware,Lil' Angels is considering opening its spa/salons in other parts of the country and is planning to expand its offerings to girls aged 14 to 17.The company realizes that some changes may be needed.For example,management wants to find out if the older girls will be interested in their birthday party and tea party services.
-Refer to Scenario 5.1.Lil' Angels Kids Spa is currently using a(n) ____ targeting strategy.
Depreciation Expense
The allocation of the cost of an asset over its useful life to account for declines in value over time.
Double-declining-balance
An accelerated depreciation method that doubles the normal depreciation rate.
Salvage Value
The estimated residual value of an asset at the end of its useful life, representing what it could potentially be sold for or scrapped.
Book Value
The net value of a company's assets minus its liabilities and intangible assets, often used to determine a company's actual value.
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