In 1980,Artima Corporation Purchased an Office Building for $400,000 for Use

question 43

Multiple Choice

In 1980,Artima Corporation purchased an office building for $400,000 for use in its business.The building is sold during the current year for $550,000.Total depreciation allowed for the building was $350,000; straight-line would have been $320,000.As result of the sale,how much section 1231 gain will Artima Corporation report?

• A)$350,000
• B)$406,000
• C)$320,000
• D)$500,000

---

Definitions:

Behavior Modification

The use of reinforcement techniques to change or improve an individual's actions and responses.

Social Learning Theory

A theory that suggests people learn from observing others, incorporating the observed behaviors into their own repertoire based on seen outcomes.

Extinction

In psychology, it refers to the gradual weakening and disappearance of a conditioned response; in biology, it signifies the permanent end of an organism or species.

Behavior Modification

The use of reward and punishment to alter behavior, based on the principles of operant conditioning.