Which of the Following Is Not a §1245 Asset If

question 32

Multiple Choice

Which of the following is not a §1245 asset if held for more than one year?

• A)Machinery.
• B)Automobile.
• C)Building purchased in 1985 for which accelerated depreciation was elected.
• D)Land.
• E)None of thesE.Land is not subject to cost recovery and is a 1231 asset,but not a §1245 asset.

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