While Cassie typically despises nagging from her aunt, she did get a potential career opportunity from her yesterday. Cenk, the current owner of the local Spritzy Gas Station, is retiring. Hal, a friend of his, has agreed to buy a 50% share for $300,000, and Cassie's aunt is willing to buy the other 50% share for $310,000. However, she will only close the deal if Cassie agrees to work at the station for two years. Cassie's aunt is willing to pay her half of the profits she is entitled to, 25% of the gas station's annual profit if Cassie works 30 hours a week (paid as a bi-weekly salary). Cassie is wondering how her hourly rate may compare to her other options. Hal has insisted that, since he is managing the inventory and fuel supplies, Cassie should manage the bookkeeping. Cassie knows the accounting basics but isn't sure about some intermediate concepts, such as depreciating the fuel terminals. Since the terminals are used regularly, but business is heaviest in the summer months and December due to the holiday season, Cassie 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