On March 1, 2019, Babar Inc., pays $1,200,000 for a store building, moves into the building, and begins business on April 1. Babar properly allocates $1,020,000 of its cost to the building and $200,000 to the land. On May 21, 2019, it installs $1,043,000 worth of new display shelving. Babar wants to claim the maximum allowable depreciation on the property it purchased but does not want to claim bonus depreciation. On January 2, 2022, Babar sells the land and building for $1,400,000 and the display shelving for $45,000. Refer to the MACRS Depreciation Tables to answer the following questions. In your calculations, round depreciation percentages to two decimal places. Round dollar amount calculations and your answers to the nearest whole dollar. Determine Babar's maximum depreciation deduction for 2019 and 2022. Hint: Assume a 7-year MACRS life for the display shelving. .a. 2019. 130,363 x b. 2021. C. Babar has a on the sale of the land and building. d. Babar has a on the sale of the shelving.

answer; /// i do believe the correct answer is (possession utility);

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

turnover

the amount of money taken by a business in a particular period.