Troy Company Purchased a Printing Press on April 13,2013 at a Cost

question 17

Multiple Choice

Troy Company purchased a printing press on April 13,2013 at a cost of $30,000.Troy sells the printing press on January 3,2016 for $16,000.Regular MACRS depreciation on the printing press would be $18,500,while straight-line MACRS depreciation would total $12,000.
I.If Troy used straight-line depreciation,it would have a Section 1231 loss of $2,000.
II.If Troy used regular MACRS depreciation,it would have Section 1245 ordinary income of $4,500.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

PO Fit

Person-Organization Fit, referring to the compatibility between an individual's characteristics and the values or culture of an organization, affecting engagement and satisfaction.

PE Fit

Person-Environment Fit refers to the congruence between an individual's characteristics and the demands of the environment or organization they are in.

Psychological Contract

An unwritten agreement that reflects the mutual beliefs, perceptions, and informal obligations between an employer and an employee.

Reciprocal Obligations

Mutual responsibilities or duties exchanged between parties, where each party has an obligation to the other.