Which of the Following Properties That Was Sold During January

question 86

Multiple Choice

Which of the following properties that was sold during January 2016 is Section 1231 property for Baylan Toy Manufacturing Corporation?
I.Automobile purchased in 2012.
II.Land used in the business since 2013.
III.Factory building purchased and placed into service in May 2015.
IV.Office building purchased and placed into service in June 2012.
​

• A)Only statement I is correct.
• B)Statements I, II, and IV are correct.
• C)Statements III and IV are correct.
• D)Statements II and III are correct.
• E)Statements I, II, III, and IV are correct.

---

Definitions:

Fish

Aquatic animals with gills, often scaled, that live in water, ranging from tiny minnows to large sharks, important for food, recreation, and ecosystem health.

Particulates

Small particles suspended in air or water, which can originate from natural sources or human activities and impact air quality and human health.

Wet Scrubbers

Pollution control devices used in industrial and manufacturing processes to remove or neutralize harmful particles and gases from exhaust streams through the use of liquid sprays.

Baghouse Filters

Pollution control devices used in industrial plants to trap particulate matter from exhaust gases.