12. Indicate below whether the installment sale method of accounting can apply to each of these transactions (answer yes = installment method possible or no = installment method not allowed):

_____ Sale of 12-acre tract of land held as inventory by a real estate developer where payment will be received in 2 years. _____ Sale of business equipment where payment is due after year end. _____ Sale of commercial building subject to seller note (where payment is to be received in future years).

_____ Sale of single parcel of land held as an investment where a taxable loss resulted.

_____ Sale of building subject to a contingent sales price that may not be ultimately received.