Susan owns a car that she uses exclusively for personal, Financial Accounting

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Susan owns a car that she uses exclusively for personal

Susan owns a car that she uses exclusively for personal purposes. its original coast was $26,000, and the fair market value is $12,000. She exchanges the car and $18,000 cash for a new car.

Determine when Susan's holding period for for new car begins.

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Financial Accounting: Susan owns a car that she uses exclusively for personal

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Financial Accounting: Susan owns a car that she uses exclusively for personal

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