A Taxpayer Sells a Patent on a New Algorithm for a Gain

question 963

Multiple Choice

A taxpayer sells a patent on a new algorithm for a gain. Which taxpayer will be allowed capital gain treatment for the sale? Assume that the patent had not been placed in service as of the acquisition date.

• A) a corporation who purchased the patent from the inventor
• B) a sole proprietor who purchased the patent from the inventor
• C) Both of the above.
• D) None of the above.

Understand the key assumptions and contributions of major developmental theories.

Distinguish between the concepts of assimilation, accommodation, and equilibration in Piaget’s theory.

Recognize the role of biological and experiential factors in development.

Identify the influence of the sociocultural context on child development.

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Definitions:

Conditioned Taste Aversion

The learned avoidance of a certain food or drink because it has been associated with an unpleasant or aversive experience.

Higher-Order Conditioning

A form of conditioning where a stimulus is paired with a previously conditioned stimulus, leading to a response even without the presence of the original, unconditioned stimulus.

Stimulus Substitution

A concept in conditioning where a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit a similar response.

Fixed Interval

A reinforcement schedule that rewards the first response following the passage of a specified time interval.