Last Year F Was Accident-Prone

question 20

Multiple Choice

Last year F was accident-prone.He knocked over an expensive vase, shattering it; left an old radio on that caused a fire that destroyed his office equipment; and wrecked his bike.The bases and fair market values of the property are shown below.Assuming F does not elect to replace the vase or bike, and that he receives $5,000 for the vase, $25,000 for the office equipment, and $25 for the bike, what must he report?

• A)$7,900 capital gain
• B)$8,000 capital gain
• C)$8,025 capital gain
• D)$7,980 capital gain
• E)Some other amount

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Definitions:

Licensed Practical Nurse (LPN)

A nurse who has completed a practical nursing program and has passed a licensing exam, qualified to provide basic care under the direction of registered nurses and doctors.

Systematic Process

An organized sequence of steps or actions followed to achieve a specific outcome, often used in scientific and operational contexts.

Functional Ability

The capacity of an individual to perform tasks or behaviors that enable them to conduct daily life activities independently.

Nursing Assessment

The first step in the nursing process, involving a thorough evaluation of the patient's physical condition, health history, and current symptoms to formulate a nursing care plan.