The Sale of Depreciable Assets Cannot Result in ____________For Tax

question 9

Multiple Choice

The sale of depreciable assets cannot result in ____________for tax purposes.

• A)capital gains
• B)capital losses
• C)CCA recapture
• D)terminal losses

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent or salaries.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity levels.

Level Of Activity

Refers to the volume of production or operations within a business, which can impact costs and efficiency.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period.