(b) solar company purchased equipment for $27,000 on 1 july 20x1. the
company depreciated the equipment over a five-year life by the
150%-declining-balance method on monthly basis and its residual value was $3,000.
until the end of the second year at 31 december 20x2, the company sold the
equipment for $12,500. assuming the company adjusts its accounts annually,
prepare the necessary journal entries required to update the depreciation for the
second year and to dispose the said equipment.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; microeconomics;