A Retail Building Used in the Business of a Sole

question 98

Multiple Choice

A retail building used in the business of a sole proprietor is sold on March 10,2015,for $342,000.The building was acquired in 2005 for $400,000 and straight-line depreciation of $104,000 had been taken on the building.What is the maximum unrecaptured § 1250 gain from the disposition of this building?

• A)$400,000
• B)$322,000
• C)$104,000
• D)$26,000
• E)None of the above

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Definitions:

Sensory Threshold

The minimum level of stimulus intensity required for a sensory system to detect a stimulus.

Sensory Deprivation

A condition in which one or more of the senses is diminished or eliminated.

Sensory Neglect

A condition where an individual fails to recognize or respond to stimuli on one side of the body, typically resulting from brain damage.

Sensory Adaptation

The process by which sensory receptors change their sensitivity to a stimulus over time, often resulting in a decrease in sensitivity to a constant stimulus.