Question
When depreciation is NOT taken into account, a capital gain can most simply be defined as the difference between an assets: A: original purchase price
When depreciation is NOT taken into account, a capital gain can most simply be defined as the difference between an assets:
A: original purchase price and the price for which it is later sold.
B: current value and the price for which it is to be sold.
C: original purchase price and its current value.
D: current value and its basis
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Effective small business management An Entrepreneurial Approach
Authors: Norman M. Scarborough
10th Edition
132157462, 978-0132157469
