Answer:
$90,000 loss on disposal
Explanation:
If the current year's depreciation of $45,000 is recorded, the loss on disposal will be $45,000 multiplied by 2 which is $90,000
Answer:
The correct answer is Fee simple determinable.
Explanation:
In US law, a simple fee is a state on earth, a form of full property ownership. It is the way in which real estate is owned by common law countries, and it is the greatest possible property interest that can be held in real estate. The allodial title is reserved to governments under a civil law structure. The ownership of the simple tariff represents a property interest in real estate, although it is limited by fiscal powers, eminent domain, police power, and escheat, and could also be limited by certain liens or conditions in writing, such As an Example, a condition that required the land to be used as a public park, with a reversal interest in the grantor if the condition fails; This is a simple conditional rate.
Answer: Economics studies the behaviour of human beings when there is scarcity and choices have to be made.
Explanation:
Economics is a social science i.e study of human behavior in relation to the manufacturing, distribution and consumption of products. Economics focal point is the interaction and behaviour of economic agents (households, firms and governments) and how economies work.
Economics is divided into microeconomics and macroeconomics. Microeconomics deals with the small elements in the economy such as interaction of markets and prices of certain products. Macroeconomics deals with the whole economy and issues discussed include unemployment, economic growth, inflation etc.
