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Title: All of the following statements are true regarding Sec. 1245 are true except Post by: Augustus1 on Jan 9, 2017 All of the following statements are true regarding Sec. 1245 are true except
A) Sec. 1245 does not apply to any buildings placed in service after 1986. B) Sec. 1245 applies to assets sold or exchanged at a gain or at a loss. C) Sec. 1245 property includes nonresidential real estate that qualified as recovery property under the ACRS rules unless the taxpayer elected to use the straight-line method of cost recovery. D) Sec. 1245 ordinary applies to total depreciation or amortization allowed or allowable but not more than the realized gain. Title: Re: All of the following statements are true regarding Sec. 1245 are true except Post by: Yoko900 on Jan 9, 2017 Content hidden
Title: Re: All of the following statements are true regarding Sec. 1245 are true except Post by: Augustus1 on Mar 19, 2017 I'm forever indebted to you!
THANKS |