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Maria owns a 60% interest in the KLM Partnership. Four years ago her father gave her a parcel of land. The gift basis of the land to Maria is $60,000. In the current year, Maria had still not figured out how to use the land for her own personal or business use? consequently, she sold the land to the partnership for $50,000. The partnership immediately started using the land as a parking lot for its employees. Maria may recognize her $10,000 loss on the sale.
Retroactive Interference
The interference of new learning with the ability to retrieve material learned previously.
Prospective Memory
The element of memory responsible for recalling intended actions or future intentions that were planned to be remembered at a later date.
Chunking
A cognitive strategy for improving memory by organizing information into manageable and meaningful groups or units.
Saccadic Eye Movements
Rapid, jerky movements of the eyes used in scanning the environment, reading, or looking from one point to another.
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