Starnell acquired the following new assets during 2019: date asset cost january 4 computers and peripheral equipment $10,000 june 2 truck (not subject to any depreciation limitations) 22,000 october 31 office equipment 40,000 starnell does not elect immediate expensing under § 179 or any additional first-year depreciation for 2019. if required, round your answers to the nearest dollar. click here to access the depreciation table to use for this problem. a. what macrs convention applies to the assets? b. what class of property is each asset for macrs? c. the cost recovery for the current year is: computers and peripheral equipment: $ truck: $ office equipment: $

answerplace value;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.