Resort destinations can be conveniently grouped in all of the following categories except:

Equipment with a cost of $192,000 has an estimated salvage value of $18,000 and an estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?

a. $48,000 b. $52,500 c. $49,500 d. $43,500

A traditional "Pillar" of Marketing, _______ has since been replaced with the word "distribution".

A. Proposition B. Product C. Price D. Place E. Promotion