Section 1231 Property Will Generally Have All the Following Characteristics

question 79

Multiple Choice

Section 1231 property will generally have all the following characteristics except

• A)real or depreciable property.
• B)used in trade or business.
• C)held for sale to customers.
• D)held for more than one year.

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Definitions:

Centralization

The concentration of decision-making authority at the top levels of an organization or system.

Saturation

In research, it refers to the point at which collecting more data does not yield new information; broadly, it can also mean the state of being fully soaked or filled.

Efficiency

The ability to accomplish a task or goal with a minimal waste of time, effort, and resource.

Network

A system of interconnected people or things.