Michael sima, a sole proprietor craftsman, purchased an amount of equipment in the current year that exceeded the maximum allowable § 179 depreciation election limit by $20,000. sima's total purchases of property placed in service in the current year did not exceed the limit imposed by § 179. all of the property (including the equipment) was purchased in november of the current year, and sima elected to depreciate the maximum amount of equipment under § 179. sima had bottom-line schedule c income of $50,000 in the current year. which method may sima use to depreciate the remaining equipment in the current year?

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.