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Author Question: The tax treatment regarding the sale of existing assets that are sold for less than the book value ... (Read 83 times)

serike

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on: Jul 11, 2018
The tax treatment regarding the sale of existing assets that are sold for less than the book value results in ________.
 
  A) an ordinary tax benefit
  B) a capital loss tax benefit
  C) recaptured depreciation taxed as ordinary income
  D) a capital gain tax liability and recaptured depreciation taxed as ordinary income

Question 2

Which of the following provides savers with a secure place to invest funds and offer both individuals and companies loans to finance investments?
 
  A) investment banks
  B) securities exchanges
  C) mutual funds
  D) commercial banks


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milbourne11

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

B

Answer to Question 2

D


serike

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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