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Author Question: Recaptured depreciation is the portion of the sale price that is below the book value. Indicate ... (Read 104 times)

HudsonKB16

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on: Jul 11, 2018
Recaptured depreciation is the portion of the sale price that is below the book value.
 
  Indicate whether the statement is true or false

Question 2

In case of an existing asset which is depreciable and is used in business and is sold for a price equal to its initial purchase price, the difference between the sales price and its book value is considered as recaptured depreciation and will be
 
  taxed as ordinary income.
  Indicate whether the statement is true or false


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xiaomengxian

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

FALSE

Answer to Question 2

TRUE


HudsonKB16

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

alexanderhamilton

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Reply 3 on: Yesterday
:D TYSM

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