Michael had a $4,000 loss on the sale of his car. He
A)
cannot deduct the capital loss on this personal use asset.
B)
can only deduct up to $3,000 of the loss in the initial year of the sale.
C)
can deduct the entire $4,000 loss in the year of the sale.
D)
can deduct $3,000 in the year of the sale and the remaining loss in a subsequent tax year.
A
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Which of the following can be used to conduct on-the-job training by providing content as workers perform tasks?
A) Gamification B) Wearable technology C) Augmented reality D) Mobile podcasting E) Mobile blogging
Why might a company choose a diversification strategy?
What will be an ideal response?
Which of the following statements is true regarding manufacturing costs?
A) They will be appear on the income statement as the product is made. B) They will not appear on the income statement or the balance sheet until the product is completed. C) They will appear on the balance sheet as an inventory cost until the product is sold. D) They will appear on the balance sheet as an inventory cost after the product is sold.
Which of the following statements is true about capital budgeting analysis?
A. A project should be purchased if its net present value (NPV) is positive. B. A project with only cash outflows and no cash inflows would have two internal rates of return (IRRs). C. The traditional payback period method should be used for capital budgeting decisions when there is a conflict in the project rankings using the NPV method and the internal rate of return (IRR) method. D. The net present value (NPV) method should be used to evaluate independent projects, but the internal rate of return (IRR) method should be used to evaluate mutually exclusive projects. E. The payback period method should be used to evaluate capital budgeting projects that have multiple cash outflows.