Disregarding land value Jaxin purchased a rental building in March 2015 for 295000. Ge wild...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Disregarding land value Jaxin purchased a rental building in March 2015 for 295000. Ge wild the building in August 2020 for 430000. the allowable depreciation on the property was 58101. under what section of the Internal Revenue code will the sale of the building fall? a. Sec 179 b. Sec 1245 c. sec 1250 d. sec 1255
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.