A Building Used in a Business for More Than a Year

question 10

Multiple Choice

A building used in a business for more than a year is sold.Sec.1250 will not cause depreciation recapture if

• A)the building is fully depreciated.
• B)the building was placed in service after 1986.
• C)straight-line depreciation was used.
• D)All of the above.

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Definitions:

Condensation Point

The temperature at which a gas becomes a liquid; the cooling point where gaseous substances convert into their liquid state.

Alkanes

Hydrocarbons containing only single bonds between carbon atoms, with the general formula CnH2n+2.

Solvents

Substances that dissolve a solute, resulting in a solution; typically liquids but can also be solid or gas.

Non-Reactive

A term describing substances that do not easily undergo chemical reactions or bond with other substances.