A Retail Building Used in the Business of a Sole

question 65

Multiple Choice

A retail building used in the business of a sole proprietor is sold on March 10, 2017, for $342,000. The building was acquired in 2007 for $400,000 and straight-line depreciation of $104,000 had been taken on the building. What is the maximum unrecaptured § 1250 gain from the disposition of this building?

• A)$400,000
• B)$322,000
• C)$104,000
• D)$26,000
• E)None of the above

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Definitions:

Normal Amount

A standard or usual quantity or degree of something, determined by statistical, contextual, or average measures.

First Week

Refers to the initial seven days after birth, focusing on the critical adjustments and rapid developmental changes occurring in a newborn.

Feeding Schedules

Regimens or plans determining the timing and frequency of feeding, significant in infant care and animal husbandry for promoting healthy growth and development.

Biological Need

Essential requirements that living organisms must satisfy to maintain life, such as food, water, and shelter.