The portion of an asset's sale price that is above its book value and below its initial purchase price is called ________.

Name: The portion of an asset's sale price that is above its book value and below its initial purchase price is called ________.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Recaptured depreciation refers to the portion of the sale price of an asset that exceeds its book value but is less than its initial purchase price, representing the recovery of previously claimed depreciation deductions.

The Portion of an Asset's Sale Price That Is Above