Answer: The cost recovery deduction for 2019 for these assets is $43000.
Explanation:
New business asset (five year property) purchased March 10, 2019 = $30000
New business asset (seven year property) purchased on November 20, 2019 = $13000
Additional depreciation of the first year is referred as the bonus depreciation.
Also, bonus depreciation in the year 2019 is at 100% of the value of assets bought during this year.
∴ Total assets value = New business asset (five year property) + New business asset (seven year property)
= $30000 + $13000
= $43000
Hence, the cost recovery deduction for 2019 for these assets is $43000.
Answer:
3. cannibalization
Explanation:
Cannibalization is a decline in the sales of one or more product when a new product is introduced into the market by the same producer.
When Prisly Inc introduced Gwen 2.0, the sales of other cars produced by Prisly fell.
The best answer choice is D.
