When a Firm Sells an Asset for ____, It Realizes

question 84

Multiple Choice

When a firm sells an asset for ____, it realizes a capital gain and must pay income taxes on it.

• A) book value
• B) less than book value
• C) more than book value but less than original cost
• D) more than its original cost

---

Definitions:

Self-efficacy

A belief in one's ability to succeed in specific situations or accomplish a task.

Effort Necessary

The amount of work or energy required to achieve a specific outcome or goal.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxiety through gradual exposure to the feared object or situation.

Behavior Therapists

Clinical professionals who use techniques based on behavioral and cognitive principles to treat psychological disorders and improve mental health.