The bank balance at 1 January 20X4 will be £2,000 after advertising and catalogue costs have been paid for. The advertis

[answerhappygod]

The bank balance at
1 January 20X4 will be £2,000 after advertising and catalogue costs
have been paid for. The advertising and catalogue costs form part
of Caroline’s start-up capital.
The gallery premises
are to be depreciated over 25 years on the straight-line basis,
with an assumption of nil residual value.
Prepare for Caroline:
briefly discuss whether or not you think Caroline’s business is
going to be successful, identifying any areas where cash flow might
be a problem