If an Asset Is Depreciable and Used in Business, Any

question 61

True/False

If an asset is depreciable and used in business, any loss on the sale of the asset is tax-deductible only against other capital gains income, not against ordinary income.

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Definitions:

Refugees

Individuals who flee their country due to war, persecution, or natural disaster and seek protection in another country.

Affiliation Needs

The human desire to feel a sense of involvement and belonging within a social group.

Achievement Needs

An individual's need for success and accomplishment, often driving motivation and goal-oriented behavior.

Safety Needs

A level in Maslow's hierarchy of needs that encompasses security, protection, and freedom from fear and anxiety.