QuestionQuestion 1Capital recoveries include:The cost of capital improvements.Ordinary repair and maintenance expenditures.Selling expenses.Amortization of bond premium.5 points SavedQuestion 2During the year, Kim sold the following assets: business auto for a $1,000 loss, stock investment for a $1,000 loss, and pleasure yacht for a $1,000 loss. Presuming adequate income, how much […]