The installment method can be used for which of the following sales with payments being made in the year following the year of sale?
A)A department store's credit card sales.
B)An individual's sale of common stock in a family owned business.
C)An individual's sale of General Electric common.
D)Depreciable equipment sold for less than its original cost.
E)All of these.

Question

Quizplus · Accepted Answer

The inventory in answer a. ,the publicly­traded securities in answer c. ,and the § 1245 depreciation recapture in answer d.are not eligible for the installment method.

The Installment Method Can Be Used for Which of the Following