A loss on the sale of an asset that is depreciable and used in ...

[Hungry!]

A loss on the sale of an asset that is depreciable and used in business is ________; a loss on the sale of a non-depreciable asset is ________.
 
  A) deductible from capital gains income; deductible from ordinary income
  B) deductible from ordinary income; deductible only against capital gains
  C) a credit against the tax liability; not deductible
  D) not deductible; deductible only against capital gains

Question 2

For a risk-seeking manager, no change in return would be required for an increase in risk.
 
  Indicate whether the statement is true or false

[jointhecircus]

Answer to Question 1

B

Answer to Question 2

FALSE

[Hungry!]

Thanks for the timely response, appreciate it

[yeungji]

TYSM