Sylvio Purchased an Apartment Building as an Investment in January

question 97

Multiple Choice

Sylvio purchased an apartment building as an investment in January 2010 for $383,500 and sold it for $475,000 in 2016.He reported $68,436 of allowed accumulated straight-line depreciation.If Sylvio is in the highest tax bracket for ordinary income,how much of his gain qualifies for preferential tax treatment?

• A)$68,436.
• B)$91,500.
• C)$159,936.
• D)$0.

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Definitions:

Interval Data

A type of numerical data where the order and the exact differences between the values matter, but there is no true zero point.

Classes

Groupings or categories into which data or objects are organized based on common characteristics or attributes.

Histogram

A graphical representation of data using bars of different heights to show the distribution of values in a dataset.

Intervals

A range between two numbers or points on a line, often used in mathematics and statistics to denote a span of values.