During 2002,Krump Corporation Bought a Factory Building for $500,000

question 1

Multiple Choice

During 2002,Krump Corporation bought a factory building for $500,000.It deducted $180,000 of cost recovery deductions using straight-line depreciation while the building was in service.Krump sells the building in 2017 for $500,000.What are the tax consequences of the sale? (Do not consider Krump's other transactions) .

• A)$180,000 Section 1231 gain.
• B)$180,000 unrecaptured Section 1250 gain.
• C)$180,000 recaptured under Section 1245.
• D)$180,000 Section 1250 gain
• E)$ 90,000 Section 1231 income;and $ 90,000 ordinary income,recaptured under Section 1250.

Recognize the contributions of key economists to the theory of comparative advantage.

Evaluate the impact of specialization and trade on the production possibilities of countries.

Understand the concept and importance of homeostasis in regulating body conditions.

Recognize the body’s physiological responses to temperature changes.

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Definitions:

Closing Sales

The process of concluding a sales transaction where the customer agrees to purchase the product or service.

Buying Signal

A buying signal is an indication, either verbal or non-verbal, from a prospect showing interest in proceeding with a purchase.

Orphan Prospect

A potential customer or client that has not been regularly followed-up with or is no longer under the care of a specific salesperson, often due to changes in staff or oversight.

Sales Call List

A compiled list of potential or current clients that sales representatives intend to contact or visit to sell a product or service.