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Author Question: The sale of an ordinary asset for its book value results in (Read 121 times)

Garrulous

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on: Apr 25, 2021

Question 1

The book value of an asset is equal to the
◦ purchase price minus accumulated depreciation.
◦ purchase price minus recaptured depreciation.
◦ purchase price minus depreciation expense.
◦ fair market value.

Question 2

The sale of an ordinary asset for its book value results in
◦ no tax benefit.
◦ recaptured depreciation.
◦ a capital gain.
◦ an ordinary tax benefit.
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Garrulous on Apr 25, 2021

isabelt_18

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Garrulous

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

abro1885

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

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