On June 10, 2012, Ebon, Inc

question 28

Multiple Choice

On June 10, 2012, 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 statements below 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, 2012.
• C)The holding period of the office building starts on June 10, 2012.
• 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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