Which of the following statements regarding recapture is true?
A)Recapture only occurs when there is a positive balance in a class pool and that pool of assets is empty.
B)Recapture may be deducted from business income.
C)Recapture occurs when there is a positive balance in a class pool, even if there are assets remaining in that class pool.
D)Recapture occurs when there is a negative balance in a class pool, even if there are assets remaining in that class pool.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements regarding recapture is true?
A)Recapture only occurs when there is a positive balance in a class pool and that pool of assets is empty.
B)Recapture may be deducted from business income.
C)Recapture occurs when there is a positive balance in a class pool, even if there are assets remaining in that class pool.
D)Recapture occurs when there is a negative balance in a class pool, even if there are assets remaining in that class pool.

Which of the Following Statements Regarding Recapture Is True