If an Asset Is Sold for More Than Its Tax

question 21

Multiple Choice

If an asset is sold for more than its tax written down value,

• A)a gain results and additional taxes are incurred.
• B)a gain and tax savings result.
• C)a loss results and additional taxes are incurred.
• D)a loss and tax savings result.

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Definitions:

RhoGam Injections

A treatment given to Rh-negative mothers to prevent the development of Rh antibodies during pregnancy with an Rh-positive baby, thereby avoiding hemolytic disease of the newborn.

Sensitization

The process by which exposure to a substance leads to an increased response to that substance or the development of an allergic reaction.

Fetal Rh Antigens

Antigens present on the red blood cells of a fetus that can cause an immune response if they differ from the mother's Rh status.

Erythrocytes

Red blood cells responsible for carrying oxygen from the lungs to the body tissues and carbon dioxide from the tissues back to the lungs, facilitated by the protein hemoglobin.