1. "A special-purpose machine is to be purchased at a cost of $18,000. The expected annual operating and maintenance cost and the salvage (or market) values for each year of the machine's service are as follows.
Year of service 1; O&M costs $2200; Market value $14,400
Years of service 2; O&M costs $3300; Market value $11,100
Years of service 3; O&M costs $4000; Market value $5,700
Years of service 4; O&M costs $5500; Market value $3,000
Years of service 5; O&M costs $6100; Market value $0
If the interest rate is 13%, what is the economic service life for this machine? Enter your answer as an integer between 1 and 5."
2. Which of the following is incorrect regarding the courts?
a. While a civil dispute is decided on a balance of probabilities, in a criminal prosecution the judge (or judge and jury) must be convinced beyond a reasonable doubt of the guilt of the accused.
b. In-camera hearing are viewable to the public on the applicable court's website.
c. When a crime has been committed, the offence is against the state and the victims of the crime are witnesses at trial.
d. It is possible for a person to be faced with both a civil action and a criminal trial over the same conduct.