A 1,000, 8 bond sells for 980. 1,000 is called the ________. ...

[gonzo233]

A 1,000, 8 bond sells for 980. 1,000 is called the ________.
 
  A) current value
  B) market value
  C) par value
  D) auction value

Question 2

If an asset is depreciable and used in business, any loss on the sale of the asset is tax-deductible only against other capital gains income, not against ordinary income.
 
  Indicate whether the statement is true or false

[wilsonbho]

Answer to Question 1

C

Answer to Question 2

FALSE

[gonzo233]

Thank you

[wilsonbho]

Happy to help you