A terminal loss is a benefit to purchasing the asset since such a loss is deductible for tax purposes

Name: A terminal loss is a benefit to purchasing the asset since such a loss is deductible for tax purposes
Brand: Quizplus
Rating: 4.8 (28 reviews)

Question

Quizplus · Accepted Answer

A terminal loss is a loss that occurs when an asset is sold for less than its undepreciated capital cost. This loss is deductible for tax purposes, which can be a benefit to the purchaser of the asset.

A Terminal Loss Is a Benefit to Purchasing the Asset