Section 1231 Property Will Generally Have All the Following Characteristics

question 79

Multiple Choice

Section 1231 property will generally have all the following characteristics except

• A)real or depreciable property.
• B)used in trade or business.
• C)held for sale to customers.
• D)held for more than one year.

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Definitions:

Hippocampus

An essential part of the limbic system involved in forming new memories and connected to emotions and spatial orientation.

Memory for Places

The cognitive ability to recognize, recall, and navigate different locations and environments.

Visual Object Memory

Visual object memory pertains to the ability to recognize and remember visual images and objects.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.