Which of the Following Is Not a §1245 Asset If

question 107

Multiple Choice

Which of the following is not a §1245 asset if held for more than one year?

• A)Machinery.
• B)Automobile.
• C)Business cell phone.
• D)Land.
• E)None of the choices are correct.

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Definitions:

Organisational Membership

refers to the state of being a part of an organization, which entails certain rights, responsibilities, and roles governed by the entity's structure and culture.

Discrimination

Occurs when someone is denied a job or a job assignment for reasons not job‐relevant.

Glass Ceiling Effect

A metaphorical barrier preventing minorities and women from advancing beyond a certain hierarchy level due to discrimination or implicit biases.

Organisational Responsibility

The duty of an organization to act in the best interests of their environment and society as a whole.