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Author Question: A loss on the sale of an asset that is depreciable and used in business is ________; a loss on the ... (Read 56 times)

Hungry!

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on: Jul 11, 2018
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


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jointhecircus

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Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


Hungry!

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Reply 2 on: Jul 11, 2018
Gracias!

ultraflyy23

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Reply 3 on: Yesterday
:D TYSM

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