If Section 1231 Applies to the Sale or Exchange of an Unharvested

question 21

Multiple Choice

If Section 1231 applies to the sale or exchange of an unharvested crop sold with land,the costs of producing the crop are

• A)capitalized.
• B)deducted as an expense of operations when incurred and also deducted from the sales price at the time of the sale.
• C)deducted when incurred if the land is sold but capitalized if the land is exchanged.
• D)deducted as an expense of operations when incurred.

---

Definitions:

Telecommuting

The practice of working from a remote location, outside of a traditional office environment, often facilitated by digital communication tools.

Job Enlargement

A strategy for increasing the variety of tasks and responsibilities in a job to enhance worker satisfaction and productivity.

Flextime

An alternative work pattern that enables employees to set their own daily work schedules.

Job Sharing

An alternative work pattern in which more than one person occupies a single job.