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:

Professionalism

The conduct, aims, or qualities that characterize or mark a profession or professional person; the competence or skill expected of a professional.

Media Technology

Tools, platforms, and devices that enable the production, distribution, and consumption of media content.

Mediatization

Refers to the process by which society and culture are increasingly shaped by media logic and communication technologies.

Political Life

The aspect of society that deals with the structure, processes, and activities related to governance, policymaking, and public administration.