A loss on the sale of an asset that is depreciable and used in business is ________; a loss on the sale of a non-depreciable asset is ________

A) deductible from capital gains income; deductible from ordinary income
B) deductible from ordinary income; deductible only against capital gains
C) a credit against the tax liability; not deductible
D) not deductible; deductible only against capital gains


B

Business

You might also like to view...

To make your résumé look more professional, include your work e-mail address in the main heading

Indicate whether the statement is true or false

Business

The inflation guard endorsement on your homeowners insurance policy automatically decreases your policy premiums each year due to the inflation rate

Indicate whether this statement is true or false.

Business

What is the purpose of QMR?

A)?To be sure that mortgage originators practice good lending and verification processes B)?To be sure that there is a qualifying mortgage rate for every borrower C)?To hold mortgage originators liable for the failure to issue Section 32 mortgages D)?To be certain that mortgages can be sold in the secondary market

Business

In general, views that involve joins of ____________________ tables can cause problems at update

Fill in the blank(s) with correct word

Business