The tax treatment regarding the sale of existing assets that are sold for their book value results in . A. a capital gain tax liability and recaptured depreciation taxed as ordinary income B. recaptured depreciation taxed as ordinary income C. no tax benefit or liability D. an ordinary tax benefit

C) no tax benefit or liability

Explanation:

when you sell an asset, you must determine the gain or loss on the transaction and that is calculated by ⇒ sales price - book value

If both sales price and book value are the same, no gain or loss will result. You are taxed only when you have a gain, or you get a tax benefit only if you have a loss, but when the net result is 0, nothing happens.

answer; specific performance;

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.