1. In a tabular format distinguish between a). sole proprietorship, b). Partnership and c). Corporations. 2. a. Discuss in your own words (your understanding) of the term.....DISPOSAL OF ASSETS. b. A company acquires three assets, namely 1. Drilling equipment...............$1.225,336 2. Generators.......... $555.999 3. Mowing machines....valued at $451,222 Each asset is disposed off at 19.5% of the cost after 8 years, with residual value of i. zero. ii 100k, 114k and 11k, respectively is the disposal profitable or not. state all assumptions made. Assumed