Distinction between long and short term
What makes the disposition of an asset a "capital gain" or "capital loss" instead of an ordinary gain or loss? Why do you think the distinction was written into the tax code? Why the distinction between long and short term?
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A unit of area often used in measuring land areas is the hectare, defined as 104 m2. An open-pit coal mine consumes 62 hectares of land, down to a depth of 32 m, each year. What volume of earth, in cubic kilometers, is removed in this time?
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