13.Taxpayers can recognize a taxable gain on the sale of an asset even though an asset's real economic value has declined. 14.Depreciation recapture changes both the amount and character of a gain. 15.Only accelerated depreciation is recaptured for $1245 assets. 16. A taxpayer that receives boot in a like-kind exchange resulting in a gain recognizes as gain the lesser of the fair market value of the boot received or the gain realized. 17.A passive activity is any activity that involves a trade or business or rental activity in which the taxpayer does not materially participate. 18. Both the width (or range) of the tax brackets (the amount of income taxed at a particular rate) in the tax rate schedules and the range of the tax rates in the tax rate schedules (the difference between the lowest tax rate and the highest tax rate) vary by filing status. 19. If a married couple has one primary breadwinner, filing a joint return will likely result in a marriage penalty. 20.A loss from a passive activity is fully deductible as long as the taxpayer has sufficient tax basis in the activity