Operating lease.Kirby Co. purchased a machine on January 1, 2008, for $1,000,000 for the express purpose of leasing it. The machine is expected to have a five-year life, no salvage value, and be depreciated on a straight-line monthly basis. On April 1, 2008, under a cancelable lease, Kirby leased the machine to Harley Company for $300,000 a year for a four-year period ending March 31, 2012. Kirby incurred total maintenance and other related costs under the provisions of the lease of $15,000 relating to the year ended December 31, 2008. Harley paid $300,000 to Kirby on April 1, 2008.[Assume the operating method is appropriate for parts (a) and (b).](a) Under the operating method, what should be the income before income taxes derived by Kirby Co. from this lease for the year ended December 31, 2008?(b) What should be the amount of rent expense incurred by Harley from this lease for the year ended December 31, 2008?

Operating lease.Kirby Co. purchased a machine on January 1, 2008, for $1,000,000 for the express purpose ofleasing it. The machine is expected to have a five-year life, no salvage value, and be…

 written assignment, please select any one of the following industries:

• Supermarket
• Dry Cleaners
• Cargo Shipping

For the selected industry, please provide comprehensive responses to the following items:(a) How will the industry change in the next five years? What will be different?(b) How will emerging technologies impact these industries? Please provide clear examples.(c) What changes will these industries have to make regarding the workforce needed to accommodate the new technologies?(d) Provide conclusion and references.

Requirement:(a) Please include introduction, and conclusion.(b) Ensure that at least Three (3) reputable references are used, and make sure to cite them.(c) The submission should be between 1,000-and-1,250-words.