Answer:
Traditional economy.
Explanation:
A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.
Answer:
B. Full disclosure principle
Explanation:
Full disclosure principle ensures that all relevant financial information is reported
<u>Answer:</u>$50000
<u>Explanation:</u>
Recovery period of the asset means that the company starts to realize its depreciation for the assets. In the recovery period the taxpayer will start to write off the asset with the depreciation value calculated using the useful years of the asset.
Half year convention means that the assets have been used for the first half of the year and the rest of the depreciation amount will be deductible at the end of the year. So the entire useful value of the asset is taken for the amount of cost of recovery in the year 2019.
Answer:
nothing will be deducted from the capital lose
nothing will be carried over
Explanation: