Question
Depreciation recapture requires that some or all of the gain on the sale of business equipment be taxed as ordinary income. True False 2. Depreciation
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Depreciation recapture requires that some or all of the gain on the sale of business equipment be taxed as ordinary income.
True
False
2. Depreciation for financial accounting differs from depreciation for tax accounting. This is an example of a permanent difference.
True
False
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Financial Accounting
Authors: Anne Britton, Chris Waterston
4th Edition
0273703609, 978-0273703600
