In 1980,Artima Corporation Purchased an Office Building for $400,000 for Use

question 76

Multiple Choice

In 1980,Artima Corporation purchased an office building for $400,000 for use in its business.The building is sold during the current year for $550,000.Total depreciation allowed for the building was $390,000; straight-line would have been $360,000.As result of the sale,how much Sec.1231 gain will Artima Corporation report?

• A)$150,000
• B)$398,000
• C)$510,000
• D)$540,000

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Definitions:

Support Product

Additional products or services offered to enhance or complement the primary product, increasing its value or functionality.

Office Equipment

Devices or machinery used in an office environment for tasks such as printing, computing, or communication.

Industrial Services

Services provided by businesses to other businesses within the industrial sector, often including maintenance, repair, and operations.

Support Products

Goods or services purchased by a business to facilitate its operations, distinct from its core offerings to its customers.