Pipes a million (pam), a plumbing supply company purchased a used van on april 1, 2015. the cost, including taxes and transportation was $50,000. pam expects to use the van for 4 years and they estimate that at the end of its 4 year useful life it will have a salvage value of $2,000. pam uses straight-line depreciation. a) record the purchase of the asset.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year