In 1980,Artima Corporation Purchased an Office Building for $400,000 for Use

question 43

Multiple Choice

In 1980,Artima Corporation purchased an office building for $400,000 for use in its business.The building is sold during the current year for $550,000.Total depreciation allowed for the building was $350,000; straight-line would have been $320,000.As result of the sale,how much section 1231 gain will Artima Corporation report?

• A)$350,000
• B)$406,000
• C)$320,000
• D)$500,000

---

Definitions:

Organizational Culture

The shared values, beliefs, and practices that shape the behavior and attitudes of individuals within an organization, influencing its functioning and performance.

Social Control

Mechanisms, strategies, and structures within a society or group to regulate individual behavior and maintain social order.

Organizational Culture

The set of shared values, beliefs, and norms that influence the way employees think, feel, and behave in an organization.

Organizational Culture

The set of shared values, norms, beliefs, and practices that characterizes an organization, influencing its members' behavior and contributing to the unique social and psychological environment of the organization.