The portion of an asset's sale price that is below its book value and below its initial purchase price is called ________
A) a capital gain
B) recaptured depreciation
C) a capital loss
D) book value
C
You might also like to view...
Profitability measures are intended to indicate the extent to which an entity is being financed by debt and the ability of the entity to meet its debt obligations
a. True b. False Indicate whether the statement is true or false
When the terms of sale include a sales discount, it usually is advisable for the buyer to pay within the discount period
Indicate whether the statement is true or false
The _____ is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization
a. European Union b. General Agreement on Tariffs and Trade (GATT) c. North American Free Trade Agreement (NAFTA) d. Uruguay Round
In the context of delivering bad-news messages, _____ carries a level of discomfort and the potential for escalation of emotion.?
A) ?email communication B) ?instant messaging C) ?text messaging D) ?personal delivery