Which of the Following Transactions Results Solely in §1245 Gain

question 4

Multiple Choice

Which of the following transactions results solely in §1245 gain?

• A) Sale of machinery held for less than one year.
• B) Sale of machinery held for more than one year and where the gain realized exceeds the accumulated depreciation.
• C) Sale of machinery held for more than one year and where the accumulated depreciation exceeds the gain realized.
• D) Sale of land held for more than one year and where the amount realized exceeds the adjusted basis.
• E) None of the choices are correct.

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Definitions:

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Professionals who apply techniques based on behavioral psychology, such as positive reinforcement, to teach animals specific responses to commands or to modify their behaviors.

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A form of communication that uses vocalizations to convey meaning between individuals.

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The condition of lacking the sense of hearing to a degree that impairs the ability to process linguistic information through the ear, with or without a hearing aid.

Wernicke's Area

A region of the brain that is important for language development. It is located on the left temporal lobe and is responsible for the comprehension of speech.