A Building Used in a Business for More Than a Year

question 26

Multiple Choice

A building used in a business for more than a year is sold.Sec.1250 will not cause depreciation recapture if

• A)the building is fully depreciated.
• B)the building was placed in service after 1986.
• C)straight-line depreciation was used.
• D)all of the above.

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Definitions:

Primary Reaction

An initial automatic response to a given stimulus or situation, often reflexive or instinctual in nature.

Hedonic Adaptation

The noted human inclination to swiftly revert to a stable state of happiness, regardless of significant life changes or impactful positive or negative occurrences.

Subjective Well-being

A person's own evaluation of their happiness and satisfaction with life.

Robert Plutchik

A psychologist known for his psychoevolutionary theory of emotion, which categorized emotions into eight primary types.