Susan owns a car that she uses exclusively for personal purposes. its original cost was $26,000, and the fair market value is $12,000. she exchanges the car and $18,000 cash for a new car valued at $30,000. calculate susan’s realized and recognized gain or loss. calculate susan’s basis for the new car. determine when susan’s holding period for the new car begins.

Provides for personal development. though leadership training, as well as local, state and district conferences, students involved in a ctsos young people in the maturation process, them grow and assume active roles in their community.

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.