A loss on the sale of an asset that is depreciable and used in business is ________; a loss on the sale of a non-depreciable asset is ________.

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A loss on the sale of a depreciable business asset is deductible from ordinary income because it is considered a part of the business's operational expenses. On the other hand, a loss on the sale of a non-depreciable asset is typically considered a capital loss and is deductible only against capital gains.

A Loss on the Sale of an Asset That Is