According to Piaget, the Process of Fitting New Experiences into Existing

question 139

Multiple Choice

According to Piaget, the process of fitting new experiences into existing schemata is called _________, whereas the process of changing or modifying existing schemata to make sense of new experiences is called ________.

• A)accommodation; assimilation
• B)conservation; accommodation
• C)assimilation; conservation
• D)assimilation; accommodation

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Definitions:

Section 1245

A section of the tax code that involves recapturing depreciation on certain types of property as ordinary income upon sale.

Section 1231 Gain

A gain from the sale or exchange of property used in a business, subject to favorable tax treatment under Section 1231 of the U.S. tax code.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

AGI

Adjusted Gross Income is a measure of income calculated from your gross income and used to determine how much of your income is taxable.