A Retail Building Used in the Business of a Sole

question 8

Multiple Choice

A retail building used in the business of a sole proprietor is sold on March 10,2014,for $342,000.The building was acquired in 2004 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 these

---

Definitions:

Major Organic Product

The primary product of an organic reaction, usually the one in greater yield when multiple products are possible.

Major Organic Product

The primary product obtained in the largest quantity from an organic reaction, considering the reaction's mechanism and conditions.

Alkenes

Hydrocarbons that contain at least one double bond between carbon atoms, characterized by the formula CnH2n.

Boiling Points

The temperature at which a substance transitions from the liquid phase to the gas phase, determined by intermolecular forces.