{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T14:11:39-04:00", "answer_date": "2024-05-26 14:11:39", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1743909", "url": "\/study-help\/questions\/shima-bought-a-building-three-years-ago-for-190000-to-1743909", "question_creation_date_js": "2024-05-26T14:11:39-04:00", "question_creation_date": "May 26, 2024 02:11 PM", "meta_title": "[Solved] Shima bought a building three years ago f | SolutionInn", "meta_description": "Answer of - Shima bought a building three years ago for $190,000 to use in her business. The straight line method of depreciation | SolutionInn", "meta_keywords": "shima,bought,building,three,years,ago,$190,000,business,straight,line,method,depreciation", "question_title_h1": " Shima bought a building three years ago for $190,000 to use in her business. The straight line method of depreciation was used and $15,000", "question_title": " Shima bought a building three years ago for $190,000 to use", "question_title_for_js_snippet": "Shima bought a building three years ago for $190,000 to use in her business The straight line method of depreciation was used and $15,000 of depreciation deductions were allowed During the current year, Shima sells the building to her wholly owned corporation for $245,000 The tax results to Clarise are A $15,000 of ordinary income and $55,000 Sec 1231 gain B $55,000 ordinary income and $15,000 Sec 1231 gain OC $70,000 ordinary income OD $70,000 of Sec 1231 gain ", "question_description": "\"image\"image", "transcribed_text": "Shima bought a building three years ago for $190,000 to use in her business. The straight line method of depreciation was used and $15,000 of depreciation deductions were allowed. During the current year, Shima sells the building to her wholly owned corporation for $245,000. The tax results to Clarise are A. $15,000 of ordinary income and $55,000 Sec. 1231 gain. B. $55,000 ordinary income and $15,000 Sec. 1231 gain. OC. $70,000 ordinary income. OD. $70,000 of Sec. 1231 gain.", "related_book": { "title": "Survey of Accounting", "isbn": "978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856", "edition": "3rd Edition", "authors": "Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/118.jpg", "uri": "\/textbooks\/survey-of-accounting-3rd-edition-118", "see_more_uri": "" }, "free_related_book": { "isbn": "1855327252", "uri": "\/textbooks\/p-61-black-widow-units-of-world-war-2-1st-edition-9781855327252-115941", "name": "P 61 Black Widow Units Of World War 2", "edition": "1st Edition" }, "question_posted": "2024-05-26 14:11:39", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/reference-groups-influence-us-in-three-ways-these-influences-include-701751", "description": "Reference groups influence us in three ways. These influences include informational, utilitarian, and dimensions. a. knowledge O b. 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