Thieves Stole Computer Equipment Used by Ms

question 56

Multiple Choice

Thieves stole computer equipment used by Ms.James in her small business.Ms.James' tax basis in the equipment was zero.One month after the theft,she received a $17,600 reimbursement from her casualty insurance company and used $14,850 to replace the computer equipment.She used the $2,750 remaining reimbursement to purchase a new desk for her office.Which of the following statements is false?

• A)Ms.James must recognize a $2,750 gain on the involuntary conversion.
• B)Ms.James's basis in her new computer equipment is -0-.
• C)Ms.James's basis in her new desk is $2,750.
• D)None of the above is false.

Create linear models for real-world scenarios.

Understand and apply the concept of slope to find equations of lines.

Write equations of lines in general form.

Determine equations of lines perpendicular to a given line.

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Definitions:

Lifespan Development

The study of how individuals grow, change, and develop throughout their entire life, from birth to death.

Baltes' Key Principles

A set of principles developed by psychologist Paul B. Baltes outlining the multidimensional and dynamic nature of human development across the lifespan.

Life Span

The maximum duration of life that an organism can theoretically achieve under optimal conditions.

Development Periods

Distinct phases in life characterized by specific physical, psychological, and social milestones.