For § 1245 Recapture to Apply, Accelerated Depreciation Must Have

question 61

True/False

For § 1245 recapture to apply, accelerated depreciation must have been taken on the property.

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Definitions:

Farming Sector

The segment of an economy devoted to the production, processing, and distribution of food, fiber, and other agricultural products.

High Degree

A level of educational attainment higher than a bachelor's degree, often referring to master's, doctoral, or professional degrees.

Autonomy

The capacity and right of individuals or groups to make their own decisions independently, often associated with self-governance and freedom.

Secondary Labour Market

A segment of the job market associated with low pay, low skill, temporary or precarious employment, often lacking benefits and job security.