Question

An annual street hockey tournament for amateur adult teams requires the acquisition of two portable rink boards and flooring systems costing $15,000 each. If the rinks have a useful life of three years, could you provide more information about the financial aspects of this acquisition or any other relevant details?

Answer 1

The acquisition of two portable rink boards and flooring systems for the annual street hockey tournament is a significant financial decision.

Step-by-step explanation:

The acquisition of two portable rink boards and flooring systems for the annual street hockey tournament is a significant financial decision. With each rink costing $15,000 and a useful life of three years, the total cost of acquiring the rinks would be $30,000. It's important for the organizers of the tournament to carefully consider the financial implications and plan for the long-term sustainability of the event.