If an asset is depreciable and used in business, any loss on the sale of the asset is tax-deductible ...

mantparn

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7 years ago

If an asset is depreciable and used in business, any loss on the sale of the asset is tax-deductible ...

If an asset is depreciable and used in business, any loss on the sale of the asset is tax-deductible only against other capital gains income, not against ordinary income.

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Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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mantparn Author

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7 years ago

Thanks again for helping me in my management class!

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