All of the Following Qualify as a Like-Kind Exchange Except

question 53

Multiple Choice

All of the following qualify as a like-kind exchange except

• A)an apartment building held for investment for farmland used in a trade or business.
• B)a printer used in trade or business for a computer used in trade or business.
• C)improved real estate held for investment for unimproved real estate held for investment.
• D)an airplane used in trade or business for a general purpose truck used in trade or business.

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Definitions:

Egocentrism

Piaget’s term for children’s tendency to think about the world entirely from their own personal perspective.

PL94-142

Also known as the Education for All Handicapped Children Act of 1975, it mandates public schools to provide free and appropriate education to children with disabilities.

IDEA

Individuals with Disabilities Education Act, a U.S. law ensuring students with disabilities are provided with Free Appropriate Public Education tailored to their individual needs.

Least Restrictive Environment

Educational principle requiring that students with disabilities receive their education, to the maximum extent appropriate, with nondisabled peers.