Author Question: The tax treatment regarding the sale of existing assets that are sold for less than the book value ... (Read 57 times)

serike · **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