题目

COMM_V 370 101-108 2025W1 COMM 370-Practice Midterm-2025-W1

多重下拉选择题

Concerning salvage value when assets are sold, letting: P = purchase price S: salvage value B: residual book value, When S < P: A. If S = B No tax adjustments are required. B. If S > B [ Select ] There is a capital loss. There is recaptured depreciation. No tax adjustments are required. C. If S < B [ Select ] No tax adjustments are required. There is recaptured depreciation. There is a terminal loss.

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思路分析

We start by restating the scenario and the given options to ensure clarity about what is being judged. - Problem setup: We have P as purchase price, S as salvage value at sale, and B as residual book value. The condition to consider first is S < P. Under this umbrella, the question lays out three labeled thoughts (A, B, C) with their own sub-statements about tax treatment when different relationships among S, B, and P occur. - Option A (under the subcase S = B): 'No tax adjustments are required.' Analysis: If the salvage value equals the book value at sale (S = B), the transaction typically results in no gain or loss relative to the book value. In many tax frameworks, this means there is no depreciation recapture, no capital gain or loss, and no ordinary income trigger tied to the sale, because the book value and sale price align. Therefore, the assertion that there are no tax adjustments is plausible. - Option B (under the subcase S > B): 'There is the capital loss.'......Login to view full explanation

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Concerning salvage value when assets are sold, letting: P = purchase price S: salvage value B: residual book value, When S < P: A. If S = B [ Select ] No tax adjustments are required. There is recaptured depreciation. There is a capital loss. B. If S > B [ Select ] There is recaptured depreciation. There is a capital loss. No tax adjustments are required. C. If S < B [ Select ] There is recaptured depreciation. There is a terminal loss. No tax adjustments are required.

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