Rosilyn Trades Her Old Business-Use Car with an Adjusted Basis

question 50

Multiple Choice

Rosilyn trades her old business-use car with an adjusted basis of $13,000 and an outstanding loan liability balance of $2,000 for a new business-use car valued at $9,000 plus $3,000 cash from Bob's Auto Sales and Loan Company. Bob assumes Rosilyn's loan balance. What is Rosilyn's basis in her new car?

• A)$- 0 -
• B)$9,000
• C)$11,000
• D)$12,000
• E)$14,000

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Definitions:

Traumatic Brain Injury

Damage to the brain caused by an external mechanical force, potentially leading to long-term complications or death.

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A condition resulting from not getting enough sleep, which can affect cognitive functions, physical health, and emotional well-being.

Consolidation

the process by which memories become stable in the brain, transforming from a short-term to a long-lasting form.

Circadian Rhythms

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