An Office Building with an Adjusted Basis of $320,000 Was

question 158

Multiple Choice

An office building with an adjusted basis of $320,000 was destroyed by fire on December 30, 2012.On January 11, 2013, the insurance company paid the owner $450,000.The fair market value of the building was $500,000, but under the co-insurance clause, the insurance company is responsible for only 90 percent of the loss.The owner reinvested $410,000 in a new office building on February 12, 2013, that was smaller than the original office building.What is the recognized gain and the basis of the new building if § 1033 (nonrecognition of gain from an involuntary conversion) is elected?

• A)$0 and $320,000.
• B)$0 and $410,000.
• C)$40,000 and $320,000.
• D)$130,000 and 410,000.
• E)None of the above.

Identify different types of unobtrusive measures including accretion, physical erosion, and archival strategies.

Analyze the use of public and private archival materials in research.

Recognize the importance of reducing researcher bias and reactivity through unobtrusive measures.

Apply the concept of triangulation to corroborate data in unobtrusive research.

---

Definitions:

Blue-Collar Jobs

Occupations that involve manual labor or skilled trades.

Decision Control

The process of making choices by identifying and selecting options based on the preferences and values of the decision-maker.

Psychological Demand

The mental effort or capacity required to cope with or respond to environmental stressors, tasks, or challenges.

Tokenism

The practice of making only a perfunctory or symbolic effort to be inclusive to members of minority groups, especially by recruiting a small number of people from underrepresented groups in order to give the appearance of sexual or racial equality within a workforce.