Prepare adjusting journal entry at year end December 31st Equipment was purchased fir 50,000 on 6/30.. it is estimated that its useful life will be 10 yrs​

Ithink it should be increased.

Competitive intelligence activities occur so that a company can use information about a competitor's new products to  develop superior marketing strategies for its own products.  when talking about  competitive intelligence, an easy way to  remember  these terms are to know your  enemy. when having  competitive intelligence it's allowing information you find out about other companies and how they run their company, the risks they have come in contact with and  opportunities they  haven't taken and figure out how to use them to your advantage. always be  smarter than your  competition.