Nana Is a Self- Employed Consultant

question 1987

Multiple Choice

Nana is a self- employed consultant. For the past five years, she has used an extra bedroom (15% of the house) in her home as a qualifying home office and deducted $9,000 of depreciation expense. This year she sells the house for $740,000. The house cost $500,000. Nana is single. She will recognize gain on the sale of the house of

• A) $249,000.
• B) $0.
• C) $45,000.
• D) $9,000.

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Definitions:

Commitment

A determination, based on conscious choice, to continue a relationship or a marriage.

"I-Thou" Relationship

A concept from philosophy that emphasizes mutual respect, recognition, and valuing the other person as a distinct and valuable being, beyond merely instrumental or utilitarian considerations.

Shared Future

A concept emphasizing the idea that different groups or individuals envision and work towards a common goal or destiny, often in the context of sustainability and global cooperation.

Asexual

Pertaining to a lack of sexual attraction to others, where an individual has no interest in or desire for sexual activity.