When a corporation sells its aircraft for more than the current book value, the gain is taxed

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When a corporation sells its aircraft for more than the current book value, the gain is taxed as a capital gain, not ordinary income.

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General Aviation Marketing And Management

ISBN: 9780894648847

1st Edition

Authors: Bruce D. Wells, Alexander T.; Chadbourne

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Question Posted: Jul 11, 2024 03:00 AM

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When a corporation sells its aircraft for more than the current book value, the gain is taxed

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General Aviation Marketing And Management

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