The Sale of Machinery for More Than the Original Cost

question 75

Multiple Choice

The sale of machinery for more than the original cost basis (before depreciation) , used in a trade or business, and held for more than one year results in the following types of gain or loss?

• A) Capital and Ordinary.
• B) Ordinary only.
• C) Capital and §1231.
• D) §1245 and §1231.
• E) None of these.

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Definitions:

Absenteeism

The habitual non-presence of an employee at their job, which can be an indicator of poor job satisfaction or personal issues.

Organizational Costs

Expenses involved in running a company, including both direct and indirect costs.

Stress-Related Disease

Health conditions that are directly or indirectly caused by or exacerbated by stress, including psychological and physical health issues.

Health Insurance

A type of insurance coverage that pays for an insured individual's medical and surgical expenses.