For Depreciable Real Property, All Depreciation Taken Must Be Recaptured

question 114

True/False

For depreciable real property, all depreciation taken must be recaptured and treated as ordinary income.

---

Definitions:

Early-Selection Theories

Theories in cognitive psychology that suggest attention acts as a filter at an early stage of information processing, allowing only certain stimuli to reach awareness.

Sensory Input

The information that the brain receives from the senses, such as sight, sound, smell, touch, and taste.

Encoding

The initial process of transforming sensory information into a form that can be stored and recalled in memory.

Retrieval

Retrieval is the process of accessing and bringing into consciousness information stored in memory.