The sale of a warehouse building used by a taxpayer to operate a business can result in

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“The sale of a warehouse building used by a taxpayer to operate a business can result in a capital gain but not a capital loss.” Is this statement true? Explain.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:12 AM

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The sale of a warehouse building used by a taxpayer to operate a business can result in

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Yes the statement is true The building is depreciable capital property wh...View the full answer

Canadian Income Taxation Planning And Decision Making

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