Albert Purchased a Tract of Land for $140,000 in 2016

question 32

Multiple Choice

Albert purchased a tract of land for $140,000 in 2016 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.Highway engineers surveyed the property and indicated that he would probably get $180,000.The highway project was abandoned in 2019 and the value of the land fell to $100,000.What is the amount of loss Albert can claim in 2019?

• A)$40,000
• B)$60,000
• C)$80,000
• D)$100,000
• E)None of these.

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Definitions:

CR

CR can refer to various terms depending on context; without further specification, it's ambiguous. In medicine, it might stand for "controlled release"; in learning, "conditioned reflex."

Associative Learning

The process by which an individual learns the connection between two stimuli or between a behavior and a consequence.

Pavlov

A Russian physiologist best known for his work in classical conditioning, demonstrating how reflexes can be conditioned to respond to neutral stimuli through association.

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.