If an asset is sold for book value, the gain on the sale is composed of two parts: a capital gain and recaptured depreciation.

Name: If an asset is sold for book value, the gain on the sale is composed of two parts: a capital gain and recaptured depreciation.
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If an asset is sold for book value, there is no gain or loss on the sale. Therefore, there would be no capital gain or recaptured depreciation.

If an Asset Is Sold for Book Value, the Gain