If a Capital Asset Held for One Year or More

question 105

True/False

If a capital asset held for one year or more is sold at a gain,the gain is classified as long-term capital gain.

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Definitions:

Power Line Carrier

A communication method that uses electrical distribution lines for transmitting data over long distances.

Multiplexing

Used to describe data bus systems in which two or more controllers communicate with each other; reduces system hard wire and components while optimizing chassis performance.

Data Bus

Multiplex backbone consisting of a twisted wire pair.

Non-Dedicated Wire

A wire within an electrical system that is not reserved for a single specific use or function.