A Retail Building Used in the Business of a Sole

question 62

Multiple Choice

A retail building used in the business of a sole proprietor is sold on March 10, 2012, for $342,000. The building was acquired in 2002 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 the above.

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Definitions:

Mechanical Debridement

A method used in wound care that involves physically removing dead or infected tissue from a wound to promote healing.

Wet-to-dry Dressings

A traditional method of wound care that involves applying a moist gauze dressing to a wound and allowing it to dry before removal.

Pulsed Lavage

A medical cleaning method that uses pulses of saline solution to remove debris and infection from wounds.

Pressure Ulcer

An injury to the skin and underlying tissue, usually over a bony prominence, resulting from prolonged pressure on the skin.