All of the Following Statements Are True Regarding Sec

question 17

Multiple Choice

All of the following statements are true regarding Sec.1245 are true except

• A)Sec.1245 does not apply to any buildings placed in service after 1986.
• B)Sec.1245 applies to assets sold or exchanged at a gain or at a loss.
• C)Sec.1245 property includes nonresidential real estate that qualified as recovery property under the ACRS rules unless the taxpayer elected to use the straight-line method of cost recovery.
• D)Sec.1245 ordinary applies to total depreciation or amortization allowed or allowable but not more than the realized gain.

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Definitions:

External Attribution

A belief that events are beyond one’s control.

Behavior-Reinforcement Beliefs

The expectation that a certain behavior will lead to a specific reinforcement.

S-R Habits

Behaviors that are automatically triggered by specific stimuli without the involvement of consciousness.

Seligman

Martin Seligman is a psychologist known for his work on learned helplessness, positive psychology, and well-being.