Which of the Following Properties That Was Sold During January

question 91

Multiple Choice

Which of the following properties that was sold during January 2018 is Section 1231 property for Baylan Toy Manufacturing Corporation?
I.Automobile purchased in 2014.
II.Land used in the business since 2015.
III.Factory building purchased and placed into service in May 2017.
IV.Office building purchased and placed into service in June 2014.
​

• A)Only statement I is correct.
• B)Statements I, II, and IV are correct.
• C)Statements III and IV are correct.
• D)Statements II and III are correct.
• E)Statements I, II, III, and IV are correct.

---

Definitions:

Romantic Love

An intense, positive emotion that involves sexual attraction, feelings of caring, and the belief that one is in love.

Whirlwind Courtship

A rapid and intense beginning to a romantic relationship, where commitments such as engagement or marriage occur shortly after meeting.

Selective Exposure

Deliberately seeking and attending to information that is consistent with one’s attitudes.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically improving on simple or well-practiced tasks and performing worse on complex or new ones.