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

Name: The portion of an asset's sale price that is below its book value and below its initial purchase price is called ________.
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A capital loss occurs when the sale price of an asset is lower than its book value and initial purchase price. It represents a loss to the owner or investor and can be used to offset capital gains for tax purposes.

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