Doug Purchased a New Factory Building on January 15, 1990

question 43

Multiple Choice

Doug purchased a new factory building on January 15, 1990, for $400,000. On March 1, 2018, the building was sold. Determine the cost recovery deduction for the year of the sale? Doug did not use the MACRS straight-line method.

• A) $0
• B) $1,587
• C) $2,645
• D) $12,696
• E) None of the above

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Definitions:

Motivational Benefits

Advantages or positive outcomes that arise from being motivated, including improved performance, higher satisfaction, and achieving goals more efficiently.

Goal Setting

The process of identifying specific objectives to be achieved within a timeframe, serving as a fundamental step in strategic planning and performance management.

Fear of Failure

The apprehension or dread of not succeeding in a task or goal, which can inhibit risk-taking and decision-making.

Positive Expectancy

The belief that one's efforts will result in positive outcomes, influencing motivation and persistence in tasks.