Which of the Following Transactions Results Solely in §1245 Gain

question 13

Multiple Choice

Which of the following transactions results solely in §1245 gain?

• A) Sale of machinery held for less than one year.
• B) Sale of machinery held for more than one year and where the gain realized exceeds the accumulated depreciation.
• C) Sale of machinery held for more than one year and where the accumulated depreciation exceeds the gain realized.
• D) Sale of land held for more than one year and where the amount realized exceeds the adjusted basis.
• E) None of these.

---

Definitions:

United Parcel Service

An American multinational package delivery and supply chain management company, often known by its acronym, UPS.

On-Road Driver Evaluations

Practical assessments conducted in real traffic conditions to gauge a driver's capabilities and adherence to road safety rules.

Temporary Change

Refers to alterations or modifications in behavior, environment, or socio-economic conditions that are not permanent and expected to revert after a specified period.

Observable Behavior

Actions of individuals or groups that can be directly seen and measured.