This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Section 1245 recapture applies to all the followingexcept (Read 62 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Sep 13, 2020

Question 1

During the current year, Hugo sells equipment for $150,000. The equipment cost $175,000 when placed in service two years ago, and $55,000 of depreciation deductions were allowed. The results of the sale are
◦ LTCG of $30,000.
◦ Sec. 1231 gain of $30,000.
◦ Sec. 1245 ordinary income $30,000.
◦ Sec. 1250 ordinary income of $30,000.

Question 2

Section 1245 recapture applies to all the following except
◦ depreciable personal property.
◦ assets sold or exchanged at a loss.
◦ total depreciation or amortization allowed or allowable.
◦ amortizable intangible personal property.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by @Brianna17 on Sep 13, 2020

Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Sep 13, 2020
:D TYSM

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Placenta previa, longitudinal section showing the placenta growing over the opening into the cervix. Placenta previa, longitudinal section showing the placenta growing over the opening into the cervix.
A vasectomy, showing how each vas deferens is tied off in two places and then a section is removed f A vasectomy, showing how each vas deferens is tied off in two places and then a section is removed f
Cross section of skin Cross section of skin
A Cross Section of the Spinal Cord A Cross Section of the Spinal Cord
How many electrons flow past a given cross section of the wire in 10.3 min? electrons How many electrons flow past a given cross section of the wire in 10.3 min? electrons
Cross-section of earthworm Cross-section of earthworm
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library