A Retail Building Used in the Business of a Sole

question 62

Multiple Choice

A retail building used in the business of a sole proprietor is sold on March 10, 2012, for $342,000. The building was acquired in 2002 for $400,000 and straight-line depreciation of $104,000 had been taken on the building. What is the maximum unrecaptured § 1250 gain from the disposition of this building?

• A)$400,000.
• B)$322,000.
• C)$104,000.
• D)$26,000.
• E)None of the above.

---

Definitions:

Human Lungs

The pair of respiratory organs located in the chest, responsible for gas exchange between the air and the blood, providing oxygen and removing carbon dioxide.

Pleura

A double-layered membrane surrounding each lung, providing lubrication and facilitating the lungs' movements during breathing.

Pericardium

The fibrous sac that surrounds the heart, providing it with protection and the lubrication necessary for efficient movement.

Peritoneum

A membrane that lines the abdominal cavity and covers the abdominal organs.