Question: What should be the cost basis in computing gain or loss from the sale or other disposition of property acquired as gift or donation? Question

What should be the cost basis in computing gain or loss from the sale or other disposition of property acquired as gift or donation? Question 5 Select one: a. The fair market value as of the date of acquisition b. The same cost basis as it would be in the hands of the donor c. The purchase plus expenses of acquisition d. The last inventory value

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