If a C Corporation Uses Straight-Line Depreciation on Real Estate

question 108

True/False

If a C corporation uses straight-line depreciation on real estate (§ 1250 property), no gain on the sale of the property will be recaptured as ordinary income.

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Definitions:

Repression

A defense mechanism where distressing thoughts, memories, or feelings are unconsciously excluded from awareness.

Autobiographical Memory

A type of memory system consisting of episodes recollected from an individual's life, based on a combination of episodic (personal experiences) and semantic (general knowledge and facts) memory.

Personal Identity

An individual's unique sense of self, shaped by personal choices, experiences, and various social factors.

Anterograde Amnesia

A memory disorder that affects the retention of new information and events.