Which of the following would extinguish the § 1245 recapture potential?
a. An exchange of depreciable business equipment for like-kind business equipment with gain realized, but not recognized.
b. A nontaxable incorporation under § 351.
c. A nontaxable contribution to a partnership under § 721.
d. A nontaxable reorganization.
e. None of the above.
e
RATIONALE: All of the transactions involve a carryover of basis and do not extinguish the § 1245 depreciation recapture potential.
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The changes in prices of other products affect the demand for an item. This is a phenomenon called ________
A) cross-elasticity of demand B) complementary elasticity C) interdependent elasticity D) parallel elasticity E) variable demand
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Fill in the blank(s) with the appropriate word(s).
"Register student" is an appropriate ________ for a use case
A) goal B) name C) scenario D) both A & B
A zero on a relationship line indicates:
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