Albert Purchased a Tract of Land for $140,000 in 2009

question 137

Multiple Choice

Albert purchased a tract of land for $140,000 in 2009 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.Highway engineers surveyed the property and indicated that he would probably get $180,000.The highway project was abandoned in 2012 and the value of the land fell to $100,000.What is the amount of loss Albert can claim in 2012?

• A)$40,000.
• B)$60,000.
• C)$80,000.
• D)$100,000.
• E)None of the above.

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Definitions:

Capacity Requirements Planning (CRP)

A process used in manufacturing and production planning to determine the resources needed to meet production goals.

Materials Requirement Plan

A system used in manufacturing to calculate the materials and components required to manufacture a product, ensuring materials are available for production as needed.

Machine Flexibility

The capability of a machine to be quickly reconfigured or adapted to handle different products or tasks.

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