Which of the Following Properties That Was Sold During January

question 37

Multiple Choice

Which of the following properties that was sold during January 2014 is Section 1231 property for Baylan Toy Manufacturing Corporation? I. Automobile purchased in 2009. II. Land used in the business since 2008. III. Factory building purchased and placed into service in May 2013. IV. Office building purchased and placed into service in June 2010.

• A) Only statement I is correct.
• B) Statements I, II, and IV are correct.
• C) Statements III and IV are correct.
• D) Statements II and III are correct.
• E) Statements I, II, III, and IV are correct.

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Definitions:

Positive Punishment

Adding an unpleasant stimulus to decrease a behavior, part of operant conditioning in psychology.

Operant Responding

A form of learning where behavior is modified by its consequences, such as rewards or punishments.

Operant Responding

A process in behavior analysis, emphasizing the influence of consequences on subsequent behavior.

Negative Reinforcement

A behavioral psychology concept where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.