A Dimension of One-Fourth of a Millimeter Should Be Shown

question 4

Multiple Choice

A dimension of one-fourth of a millimeter should be shown as:

• A)0.25
• B).25
• C)Both a and b are correct
• D)Neither a nor b is correct

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Definitions:

Donor's Adjusted Basis

The value used for tax purposes to determine the gain or loss when property is given as a gift, generally the cost basis of the donor at the time of the gift.

Fair Market Value

The price that property would sell for on the open market, between a willing buyer and a willing seller each having reasonable knowledge of all pertinent facts.

Gift

A transfer of property or assets from one individual to another without the expectation of payment or anything in return.

Landscape Business

A business involved in modifying the visible features of an area of land, including flora, terrain shape, and structures.