Which of the Following Is Not Usually Included in an Asset's

question 74

Multiple Choice

Which of the following is not usually included in an asset's tax basis?

• A) Purchase price
• B) Sales tax
• C) Shipping
• D) Installation costs
• E) All of these are included in an asset's tax basis

---

Definitions:

Compounded Semi-Annually

Interest calculation method where the interest is added to the principal amount twice per year, increasing the total amount of interest earned over time.

End-Of-Month Loan Payments

Payments that are made at the end of each month towards the repayment of a loan.

Retirement Account

A financial account designed specifically for savings, investment, and accumulation of money for retirement.

Initial Deposit

The first sum of money placed into an account to open it or start an investment.