Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas willdecrease . The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, willdecrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional unemployment.

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $