Gifts of Appreciated Depreciable Property May Trigger Recapture of Depreciation

question 19

True/False

Gifts of appreciated depreciable property may trigger recapture of depreciation of cost-recovery deductions to the donor as of the date of gift.

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Definitions:

Dual-process model

A theory explaining human thought and behavior as the outcome of two distinct systems: one automatic and unconscious, and the other deliberate and conscious.

Restoration focused

Relates to efforts or methodologies aimed at restoring or revitalizing something to its original or a better state.

Loss focused

Centered on addressing, managing, or coping with experiences of losing something or someone important, often involving grief or mourning processes.

End-of-life care

Palliative care focused on providing relief from the symptoms and stress of a serious illness in the final phase of life.