When originally purchased, a vehicle costing $60,000 had an estimated useful life of 8 years and an estimated salvage value of $4,000. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and the estimated salvage value was reduced to $2,000. How much should be recorded as depreciation expense in year 5?

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; risk transference;