new assets, (2) capitalizing those assets through depreciation, disposal of assets. In this last week of class, we discussed the tax treatment of (1) acquiring amortization, deduction (i.e. Cost of Goods Sold), and depletion, and (3) sale or Respond to this question, based on your reading of the textbook and your consideration of the course materials: Discuss the relationship between cost recovery deductions and cash flows an asset without any inflow of cash or property? Under what circumstances could a taxpayer have an amount realized on the disposition of Add a new discussion topic (There are no discussion topics yet in this forum) Chapter Jump to... perty Disposition 4 1