tch the following terms with the appropriate definition. Click on the term in the left column first and then on the correct definition in the t column. ar A The ability of a business to generate income in excess of a normal rate on assets due to superior managerial skills, market position, new product technology, etc Goodwill The amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts Amount realized It is crucial in determining whether gain or loss from the sale or exchange of a capital asset is long term or short term Fair market value This amount is the sum of the cash and the fair market value of any property or services received, plus any related debt assumed by the buyer Adjusted basis The cost or other basis of property reduced by depreciation (cost recovery) allowed or alowable and increased by capital improvements Hoiding period Previous Next All work saved Email Instructor Save and Exit Submit Assignment for Ge chart..pdf