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

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Definitions:

Greater Athleticism

A higher level of physical strength, agility, and performance in sports activities, often stemming from intensive training and genetic factors.

Exosystem

is a term from ecological systems theory describing a social setting that indirectly affects an individual even though they do not actively participate in it.

Bronfenbrenner

Refers to Urie Bronfenbrenner, a developmental psychologist best known for his Ecological Systems Theory, which posits that human development is influenced by different types of environmental systems.

Microsystem

The immediate environment in which an individual directly interacts, such as family, school, or workplace, within the context of ecological systems theory.