Which of the Following Is True Regarding Depreciation Recapture

question 35

Multiple Choice

Which of the following is true regarding depreciation recapture?

• A)Changes the character of a loss.
• B)Changes the character of a gain.
• C)Changes the amount of a gain.
• D)Only applies to ordinary assets.
• E)None of the choices are correct.

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Definitions:

Shortcut Menu

A context-sensitive menu that appears when a user right-clicks within a software application, providing quick access to frequent actions.

AutoNumber

A feature in database systems that automatically generates a unique number for each new record or row.

Sequential Number

A number that follows a specific sequence, typically incremented by one, used for ordering or identification.

Field

An individual piece of data or attribute in a record, typically represented in a column in databases and spreadsheets.