In year 1, def recognized a loss of $15,000 on land that it had held for investment. in year 1, it also recognized a $30,000 gain on equipment it had purchased a few years ago. the equipment sold for $50,000 and has an adjusted basis of $20,000. def had deducted $40,000 of depreciation on the equipment. in year 2, def recognized a capital loss of $2,000. what book-tax difference in year 1 and year 2 associated with its capital gain and loss would def inc report in this scenario?

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.