The sale of depreciable assets cannot result in ____________for tax purposes.
A)capital gains
B)capital losses
C)CCA recapture
D)terminal losses

Name: The sale of depreciable assets cannot result in ____________for tax purposes. A)capital gains B)capital losses C)CCA recapture D)terminal losses
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

The sale of depreciable assets cannot result in capital losses for tax purposes because any loss on the sale of depreciable property is treated as a terminal loss, not a capital loss.

The Sale of Depreciable Assets Cannot Result in ____________For Tax