All of the following qualify as a like-kind exchange except
A) an apartment building held for investment for a warehouse used in a trade or business.
B) a printer used in trade or business for a computer used in trade or business.
C) improved real estate held for investment for unimproved real estate held for investment.
D) all of the exchanges qualify as like-kind exchanges.
B) a printer used in trade or business for a computer used in trade or business.
Only real property used in business or for investment exchanged for any real property used in business or for investment qualify.
You might also like to view...
Which of the following is true of establishing pricing goals?
A. Pricing objectives are either profit oriented or sales oriented if they are to serve company objectives. B. Reaching the desired market share must not entail sacrificing short-term profits because every dollar counts. C. A profit maximization objective may require a bigger initial investment than the firm can commit to or wants to commit to. D. Pricing objectives rarely have trade-offs and thus managers must set them ambitiously to capture the market.
Which of the following statements about packaging is true?
A. A package should satisfy not only the needs of final consumers but also those of intermediaries. B. A package doesn't have much promotion impact at retail stores. C. Better packaging almost always increases total distribution cost. D. A good package can aid in the promotion effort, but it's not as effective as advertising. E. All these statements are true.
Deductions for AGI may be located
A. on the front page of Form 1040. B. on Schedule E as a deduction. C. on Schedule C as a deduction. D. All of the above are true.
The lowest level of decomposition for a data-flow diagram is called the:
A) context diagram. B) level-0 diagram. C) level-1 diagram. D) primitive diagram. E) cohesive diagram.