A Corporation Sells a Machine Used in Its Business for 9

question 8

Multiple Choice

A corporation sells a machine used in its business for 9 years for $22,000.The machine originally cost $120,000 and was fully depreciated.Its gain will be treated as:

• A)Capital gain
• B)Section 1231 gain
• C)Section 1245 recapture
• D)Section 1250 recapture

---

Definitions:

International Psychoanalytic Association

A professional organization aimed at supporting and disseminating psychoanalytic ideas and research.

Neo-Freudian

A term referring to psychologists and theorists who accepted the basic components of Freud's theory but modified and expanded upon it, often placing less emphasis on sexuality and more on social and cultural factors.

Adler

Alfred Adler was an Austrian medical doctor and psychotherapist who founded individual psychology, emphasizing the importance of feelings of inferiority and the striving for superiority in personality development.

Dethroning

The act of removing someone from a position of power or authority, often used metaphorically to describe a shift in status or priority.