Business Equipment Is Purchased on March 10,2013,used in the Business

question 46

Multiple Choice

Business equipment is purchased on March 10,2013,used in the business until September 29,2013,and sold at a $23,000 loss on October 10,2013.The equipment was not suitable for the work the business had purchased it for.The loss on the disposition should have been reported in the 2013 Form 4797,Part:

• A)I.
• B)II.
• C)III.
• D)IV.
• E)This transaction would not be reported in the Form 4797.

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Definitions:

Long-term Memory

The aspect of memory involved in the storage and retrieval of information over an extended period.

Nodes

Points in a network or system where pathways intersect or branch, often used to describe components in a computer network or points within a biological network.

Flashbulb Memory

Highly detailed and vivid memories of significant or emotional events, which seem to be recorded in the mind like a picture taken by a flashbulb.

Implicit Memory

Unconscious retention and recollection of past experiences.