Depreciation and Income Taxes - Gain (loss) on the disposal of an asset
3 important questions on Depreciation and Income Taxes - Gain (loss) on the disposal of an asset
What is a depreciable asset?
A tangible personal or real property that gains or loses value.
What is depreciation recapture?
The sale of depreciable asset results in a gain.
- What are capital assets?
- What is it referred to being sold or exchanged?
Stocks, bonds, gold, silver or other metals as well as real property (home)
Capital gain or loss.
Capital gain or loss.
Try our study magic for free
a PDF, study it super fast
- No sign up, email or credit card needed!
- AI makes unlimited flashcards
- Get unlimited quizzes and tests
- Ask AI anything
Create a notebook
- No sign up, email or credit card needed!
- Have and keep perfect overview
- Make flashcards, notes and mind maps
- Review, test and score!
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
