G A loss on the sale of an asset that is depreciable and used in business is ; a loss on the sale of a nominal depreciable asset is . A. deductible from capital gains income; deductible from ordinary income B. deductible from ordinary income; deductible only against capital gains C. not deductible; deductible only against capital gains D. a credit against the tax liability; not deductible

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value