12. Indicate below whether the installment sale methodof accounting can apply to each of these transactions (answer “yes”= installment method possible or “no” = installment method notallowed):
_____ Sale of 12-acre tract of land held as inventory by a realestate developer where payment will be received in 2 years.
_____ Sale of business equipment where payment is due after yearend.
_____ Sale of commercial building subject to seller note (wherepayment is to be received in future years).
_____ Sale of single parcel of land held as an investment wherea taxable loss resulted.
_____ Sale of building subject to a contingent sales price thatmay not be ultimately received.
