Question

The amount by which the adjusted cost basis of a capital item exceeds the net sale proceeds. The loss is calculated upon disposition of the property.

A. Capital gain
B. Amortization
C. Foreclosure
D. Capital loss

Answer 1

The concept being discussed is the calculation of Capital loss, which refers to the amount by which the adjusted cost basis of a capital item exceeds the net sale proceeds when the property is disposed of.

Step-by-step explanation:

The subject of this question is Business. The concept being discussed is the calculation of Capital loss. Capital loss refers to the amount by which the adjusted cost basis of a capital item exceeds the net sale proceeds when the property is disposed of. It is a financial term used in business and finance.