Janine is currently in need of cash and plans to sell some of his capital assets.   Which of the following would be subject to the capital gains tax if sold?

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A: Solution: Right to use asset is the lessee's right to use or operate a leased asset during the lease...

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A: Cost of Quality refers to costs incurred with respect to a product to assure its quality such as pre...

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A: The question is based on the concept of Lease Accounting.  

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A: Excel formulas which are used to calculate the carrying amount of investments.   

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Q: m to sign an agreem

A: To find the correct option as,

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A:

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Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.