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.

---

Definitions:

Plasma Membrane

The plasma membrane is a biological barrier that divides a cell's inside from its external surroundings, regulating the entry and exit of materials.

Stem Epidermis

The outermost layer of cells covering the stem of a plant, protecting it and contributing to water and gas exchange.

Parenchyma

A type of simple, living and frequently photosynthetic plant tissue that makes up the bulk of most non-woody structures.

Life Cycle

The series of changes in the life of an organism, including reproduction, growth, and eventually death.