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Author Question: Alejandro purchased a building in 1985, which he uses in his manufacturing business. Alejandro uses ... (Read 161 times)

fagboi

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on: Sep 13, 2020

Question 1

A building used in a business for more than a year is sold.  Sec. 1250 will not cause depreciation recapture if
◦ the building is fully depreciated.
◦ the building was placed in service after 1986.
◦ straight-line depreciation was used.
◦ All of these.

Question 2

Alejandro purchased a building in 1985, which he uses in his manufacturing business. Alejandro uses the ACRS statutory rates to determine the cost-recovery deduction for the building. Alejandro's original cost for the building is $500,000 and cost-recovery deductions allowed are $500,000. If the building is sold for $800,000, the tax results to Alejandro are
◦ $500,000 Sec. 1245 ordinary income and $300,000 Sec. 1231 gain.
◦ $800,000 Sec. 1245 ordinary income.
◦ $500,000 Sec. 1245 ordinary income and $300,000 Sec. 1250 income.
◦ $800,000 Sec. 1231 gain.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by fagboi on Sep 13, 2020

nothere

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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.
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fagboi

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

ashely1112

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Reply 3 on: Yesterday
:D TYSM

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