Which of the Following Creates Potential § 1245 Depreciation Recapture

question 56

Multiple Choice

Which of the following creates potential § 1245 depreciation recapture and potential § 1231 gain?

• A) Depreciable office furniture held more than one year and sold for more than its original cost.
• B) Amortizable goodwill held more than one year and disposed of for less than its adjusted basis.
• C) Land held more than one year and sold for more than was paid for it.
• D) A note receivable held more than one year and sold for less than was paid for it.
• E) None of the above.

Identify and explain the role of cognitive processes in learning, including the concept of cognitive maps.

Understand the concept of latent learning and how it contrasts with more observable forms of learning.

Explain the significance of insight in learning and problem-solving.

Understand the principles behind social learning theory and its implications for observational learning.

---

Definitions:

Semantically

Relating to meaning in language or logic, especially in terms of the relationship between signifiers and what they stand for or represent.

Personally Meaningful

Pertaining to or having significance on a personal level, often invoking a sense of relevance or importance to an individual.

Working Memory

A cognitive system responsible for temporarily holding information available for processing and is important for reasoning and the guidance of decision-making and behavior.

Right Frontal Lobe

A region of the brain associated with executive functions, including decision making, problem-solving, and controlling emotions.