Which of the Following Is NOT a §1245 Asset If

question 41

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:

Political Power

The ability to influence or outright control the behavior of people and institutions, often within a governmental or organizational context.

Organizational Objectives

The specific, measurable goals set by a company or organization to guide its operations towards achieving its mission and vision.

Perception

Perception is the process through which people receive and interpret information from the environment.

Organizational Politics

Organizational politics is the management of influence to obtain ends not sanctioned by the organization or to obtain sanctioned ends through nonsanctioned means and the art of creative compromise among competing interests.