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Other Fields Homework Help Management Topic started by: mantparn on Mar 7, 2017



Title: The tax treatment regarding the sale of existing assets that are sold for more than the book value ...
Post by: mantparn on Mar 7, 2017
The tax treatment regarding the sale of existing assets that are sold for more than the book value but less than the original purchase price results in a(n) ________.
A) ordinary tax benefit
B) capital gain tax liability
C) recaptured depreciation taxed as ordinary income
D) capital gain tax liability and recaptured depreciation taxed as ordinary income


Title: Re: The tax treatment regarding the sale of existing assets that are sold for more than the book ...
Post by: donnaban on Mar 7, 2017
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Title: Re: The tax treatment regarding the sale of existing assets that are sold for more than the book value ...
Post by: mantparn on Apr 29, 2017
Whoa I needed this :D