14 A government entity accounts for transfers to or from investment property at cost, no gain or loss shall arise from the transfer except when an asset is impaired. Group of answer choices True False

14 A government entity accounts for transfers to or from investment property at cost, no gain or loss shall arise from the transfer except when an asset is impaired. Group of answer choices True False

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 15DQ

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A government entity accounts for transfers to or from investment property at cost, no gain or loss shall arise from the transfer except when an asset is impaired.

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False

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