Which of the Following Is Not a §1245 Asset If

question 107

Multiple Choice

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

• A)Machinery.
• B)Automobile.
• C)Business cell phone.
• D)Land.
• E)None of the choices are correct.

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Definitions:

Ethical Behavior

Conduct that is consistent with what society, and individuals typically think are good values.

Government Regulation

Government regulation involves rules or laws established by authorities to control and guide the behavior of industries, businesses, and individuals to protect public interest.

Demand Analysis

A type of research used to estimate how much customer demand there is for a particular product and understand the factors driving that demand.

Customer Demand

The desire and willingness of consumers to buy products or services, influenced by factors like price, quality, and trends.