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Which of the Following Statements About a Recapture Is Correct

Question 60

Multiple Choice

Which of the following statements about a recapture is correct?


A) A recapture occurs when an asset's tax value is less than its undepreciated capital cost at the end of the asset's useful life
B) A recapture occurs when an asset's tax value is greater than its market value at the end of the asset's useful life
C) A recapture occurs when an asset's tax value is less than its market value at the end of the asset's useful life
D) A recapture occurs when an asset's tax value is greater than its undepreciated capital cost at the end of the asset's useful life

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