When a depreciable asset is sold, a tax gain or tax loss on disposal is calculated, based on the ________ of the asset at the time of disposal

A) book value only
B) market value only
C) difference in book and market values
D) difference in market value and salvage value

Answer: C

Business

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The Social Security system provides supplemental income to ________

a. those who have never worked because of disabilities b. those employees who earn less than $100 per week c. unskilled laborers d. retired workers

Business

One purpose of database design is to structure the data in stable structures, called normalized tables, that are not likely to change over time and that have minimal ________

A) Data B) Space C) Redundancy D) Columns

Business