Suppose you're a small hardware store owner. Which inventory system would you prefer to use? That is, periodic or perpetual. How often would you have staff perform a physical inventory count? Be sure to discuss pros/cons of each system and count frequency. Remember, you own a small store so resources may be limited. Nonetheless, consider the cost/benefit for the best combination. Part II -- Chapter 7 I know it's not Thanksgiving season yet but it's always a good practice to give thanks. That said, is there a fixed asset in your life that you are particularly thankful for? How long have you had it and how much longer do you anticipate it will remain in service? Why are you thankful for the fixed asset