Hal has insisted that, since he is managing the inventory and fuel supplies, Simi should manage the bookkeeping. Simi knows the accounting basics but isn't sure about some of the intermediate concepts, such as depreciating the fuel terminals. Considering that the terminals are used regularly but business is heaviest in the summer months and December due to the holiday season, Simi is wondering what an appropriate depreciation policy might be. Also, she isn't sure what a depreciation journal entry looks like and how it ties into financial statements. Trina expects to see the 2022 numbers before completing the deal and says the gas station expects to tally up annual revenues of $424,000. The expenses, with the business owners working full-time, are ballparked at 42% of revenues. In 2021, the revenues totaled $425,400 and expenses were $179,100. For 2023, Hal and Trina have discussed possibly hiring a part-time employee which would allow Simi and Hal to work fewer hours. However, this would push expenses up to about 54% of revenues. Simi is wondering if she should urge her aunt to hire the part-time help, as it would allow her to continue her painting business. With full working hours at the gas station (no part-time employee) and bookkeeping tasks to complete at home, Simi would not continue her art business. Simi believes she can invest her savings in a mutual fund and earn a 6.5% annual return. Since it is significantly more than earning 3.75% annually by entering an agreement to deposit $500 monthly into a guaranteed savings account for at least 18 months, Simi is leaning towards the mutual fund option. She wants advice on the risks and benefits of each investment strategy and a recommendation on which direction to proceed in. Simi's parents have advised her to stay in school and take student loans to finance her studies since she doesn't have to pay interest until after graduating. Simi agrees that the interest rate is low at 3.15% (0.50% below the current market lending rate), but she is still hesitant to borrow an estimated $25,000 per year to study for three more years. She is especially concerned that she isn't sure about her career direction at this point. While getting a steady employment offer seems appealing in some respects, it is still difficult for Simi to imagine herself being committed to a career for a prolonged amount of time, even if the expected starting salary is $40,000 with 4% average annual growth for ten years afterwards. Simi wants a detailed analysis of how her career options. She wants advice on ethics, business strategies, tax implications, and other relevant matters. Simi welcomes any recommendations, as well as any questions to her which will help you better analyze her options. Please prepare a business memo to i, addressing all issues raised in this case.