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:

St. Augustine

A historic city in Florida known for its Spanish colonial architecture as well as being an influential figure in Christian theology.

New World

Historically, a term referring to the Western Hemisphere, including the continents of North and South America, discovered by European explorers.

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A learning environment specifically designed for the teaching and exploration of scientific subjects.

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A protective outer garment worn by scientists and medical professionals in laboratories to prevent contamination.