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

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Definitions:

Pragmatics

A subfield of linguistics concerned with the ways in which context contributes to meaning, including how speakers understand and use utterances in different communicative contexts.

Verbal Conversation

The exchange of information, thoughts, or ideas through spoken language between two or more people.

Syntax

The organization of words and phrases to produce grammatically correct sentences in a language.

Linguistic Relativity Hypothesis

A theory suggesting that the structure of a language affects its speakers' worldview and cognitive processes.