This topic contains a solution. Click here to go to the answer

Author Question: A loss on the sale of an asset that is depreciable and used in business is ________; a loss on the ... (Read 108 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

B

Answer to Question 2

FALSE




Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jul 11, 2018
Excellent


robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

For a complete list of videos, visit our video library