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Occurs when the sale price of an asset is less than the basis of the property. Something you own that can be used for personal
Occurs when the sale price of an asset is less than the basis of the property.
Something you own that can be used for personal or investment purposes.
Occurs when the sale price of an asset is greater than the basis of the property.
The price you pay for an asset.
For the following definitions, select the appropriate terms. Capital asset, capital gain, capital loss, Basis
Occurs when the sale price of an asset is less than the basis of the property.
Something you own that can be used for personal or investment purposes.
Occurs when the sale price of an asset is greater than the basis of the property.
The price you pay for an asset.
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