True or false: Businesses are generally not allowed to deduct losses incurred with the sale or disposal of business assets. These losses must be used to offset any gains produced by the sale of other business assets or carried forward to offset future gains.

False .

Explanation:

Business losses on the sale or disposal of business assets are generally deductible at the end of the financial year. This is usually done because when businesses dispose an asset as it has become useless or has no further use or has no asset value for re-sale,  the disposal will be treated as a loss equal to the balance of the expenditure it has incurred at the time when bought. However, long-term capital gains tax rate will be applied if the asset was used for more than a year.

This is what i found on google “eightin 1997, the mccaughey septuplets were born in carlisle, iowa. multiple births of as many as eight babies have been born alive, the first set on record to the chukwu family in texas in 1998; one died and seven survived. in 2009, a second set, the suleman octuplets, were born in bellflower, california.” i was surprised about this . i don’t want to have that many babies .