Juan, a sole proprietor, acquires a new 5-year class asset on march 14, 2019, for $200,000. this is the only asset juan acquired during the year. he does not elect immediate expensing under section 179. juan does not claim any available additional first-year depreciation. on july 15, 2020, juan sells the asset a. determine juan’s cost recovery for 2019 b. determine juan’s cost recovery for 2020.

The answers are:

A) $40,000

B) $32,000

Explanation:

Juan's recovery cost for 2019 can be calculated by multiplying the total asset cost by 20%: $200,000 x 20% = $40,000

Juan's recovery cost for 2020 can be calculated by multiplying the total asset cost by 32% and then divide it by 2: ($200,000 x 32%) / 2 = $32,000

answer; ///i believe that the correct answer is (d) ///all of the

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.