Match Each Statement with the Correct Term Below

question 99

Multiple Choice

Match each statement with the correct term below.
-Section 1231 property

• A)Stocks, bonds, options.
• B)Depreciable real property.
• C)All or part of any gain on sale is excluded.
• D)Taxed at a maximum rate of 25%.
• E)Gain or loss on the sale of artwork.
• F)Depreciable tangible personal property.
• G)Subject to full recapture as ordinary income of all depreciation taken.
• H)Gain on real property attributable to excess depreciation is ordinary income.

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Definitions:

Synovial Fluid

A viscous fluid found in the cavities of synovial joints, reducing friction between articular cartilages during movement.

Metacarpals

The five long bones in the hand that connect the wrist to the fingers.

Clavicles

Long bones that serve as a strut between the shoulder blade and the sternum or breastbone, also known as collarbones.

Carpals

The eight tiny bones forming the wrist, which links the hand and the forearm.