A Corporation Sells a Machine Used in Its Business for 9

question 8

Multiple Choice

A corporation sells a machine used in its business for 9 years for $22,000.The machine originally cost $120,000 and was fully depreciated.Its gain will be treated as:

• A)Capital gain
• B)Section 1231 gain
• C)Section 1245 recapture
• D)Section 1250 recapture

---

Definitions:

Restaurant

A place where people pay to sit and eat meals that are cooked and served on the premises.

Sequence of Events

The order in which related events or processes occur, often highlighting causality or chronological progression.

Primed

Prepared or made ready for use or action, often in the context of priming individuals psychologically to respond in a certain way to stimuli or tasks.

Sleeping

A natural, reversible state of reduced responsiveness to external stimuli and relative inactivity, serving critical biological functions.