Which of the Following Is a Capital Asset

question 67

Multiple Choice

Which of the following is a capital asset?

• A)Accounts receivable of a business
• B)Personal auto
• C)Land used as a movie theater parking lot
• D)Business office furniture

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Definitions:

Authority

The right or power to give orders, make decisions, and enforce obedience, often in a specific context such as government, law enforcement, or organizational hierarchy.

Bureaucracy

A system of government in which most of the important decisions are made by state officials rather than by elected representatives.

Privatization

The transfer of ownership and control of public sector assets or services to private investors, often aimed at increasing efficiency and reducing government spending.

Federal Services

Services provided by the federal government to its citizens, including national defense, postal service, and social security.