Alice has decided that she will specialize in selling farmland she would fall type of property specialization.
Farmland supports wildlife by giving it food and cover, helps prevent flooding, safeguards wetlands and watersheds, and upholds air quality. In addition, there is a chance that new energy crops grown on farmland will take the place of fossil fuels.
The farmhouse is non-business property, but the land, equipment, animals, and other assets utilized in farming are considered company property. The tax treatment varies for each form of property. Depending on the asset, gains and losses may be either capital or ordinary.
Learn more about Farmland here:
https://brainly.com/question/24787537
#SPJ4
