On June 10, 2020, Ebon, Inc. acquired an office building as a result of a like-kind exchange. Ebon had given up a factory building that it had owned for 26 months as part of the like-kind exchange. Which of the following statements is correct?
a. The holding period of the factory building includes the holding period of the office building
b. The holding period of the office building starts on June 11, 2018
c. The holding period of the office building starts on June 10, 2018.
d. The holding period of the office building includes the holding period of the factory building
e. None of the above.

Question

24-05-2021
Business

contestada

On June 10, 2020, Ebon, Inc. acquired an office building as a result of a like-kind exchange. Ebon had given up a factory building that it had owned for 26 months as part of the like-kind exchange. Which of the following statements is correct?
a. The holding period of the factory building includes the holding period of the office building
b. The holding period of the office building starts on June 11, 2018
c. The holding period of the office building starts on June 10, 2018.
d. The holding period of the office building includes the holding period of the factory building
e. None of the above.

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-05-26T00:06:29+02:00

Answer:D. The holding period of the office building includes the holding period of the factory building

Explanation:

The holding period simply refers to the period of time that a particular investment is being held by an investor.

The holding period csn.also be referred to as the period between when a security is purchased and when it is sold.

With regards to the question, the holding period of the office building includes the holding period of the factory building. Therefore, the correct option is D.