Nancy Gives Her Niece a Crane to Use in Her

question 15

Multiple Choice

Nancy gives her niece a crane to use in her business with a fair market value of $61,000 and a basis in Nancy's hands of $80,000.No gift tax was paid.What is the niece's basis for depreciation (cost recovery) ?

• A)$0
• B)$19,000
• C)$61,000
• D)$80,000

---

Definitions:

Higher-Consensus Deviance

Actions widely agreed upon within a society to be deviant or socially unacceptable.

Positivist Perspective

A viewpoint in sociology and criminology that emphasizes the understanding and measurement of social phenomena in a scientific manner.

Extreme Positive Behavior

Actions that exhibit an unusually high level of positivity or constructive outcomes, often beyond what is considered normal or expected.

Religious Fanaticism

Extreme and uncritical zeal or enthusiasm related to religious beliefs, often leading to intolerance or aggression towards others.