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:

Child Protective Services

A government agency tasked with responding to reports of child abuse or neglect, ensuring the safety and welfare of children.

Federal Act

Legislation enacted by the national government that applies across the entire country.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Child Abuse

The physical, sexual, emotional mistreatment, or neglect of a child.