Gifts of Appreciated Depreciable Property May Trigger Recapture of Depreciation

question 48

True/False

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

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Definitions:

Compound

A substance formed from two or more chemical elements that are chemically bonded together.

Sec-Butylamine

An organic compound with the formula CH3CH(CH3)CH2NH2, representing a type of butylamine where the amine group is connected to a secondary carbon.

Compound

A substance made from two or more elements chemically joined together.

IUPAC Name

The systematic naming of chemical substances based on the rules established by the International Union of Pure and Applied Chemistry (IUPAC).