24. On June 10, 2018, 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, 2018 c. The holding period of the office building starts on June 10, 2018. d. The holding period of the office building includes the holding period of the factory building e. None of the above. 25. Which of the following assets held by a manufacturing business is a $ 1231 asset? a. Inventory b. Office furniture used in the business and held less than one year c. A factory building used in the business and held more than one year. d. Accounts receivable. e. All of the above Bonus Question 26 Tan, Inc., sold a forklift on April 12, 2018, for $8,000 (its FMV) to its 100% shareholder, forklift Ashley. Tan's adjusted basis for the forkift was $12.000. Ashley's holding period for the a. Includes Tan's holding period for the forklift. b. Begins on April 12, 2018. c. Begins on April 13, 2018. d. Does not begin until Ashley sells the forklift. e. None of the above