Which of the Following Items Is a Capital Asset in the Hands

question 83

Multiple Choice

Which of the following items is a capital asset in the hands of the taxpayer?

• A)Taxpayer owns a 10-year old Harley-Davidson motorcycle.
• B)Taxpayer owns a used car lot. He owns a 1962 Cadillac that is for sale on the lot.
• C)Taxpayer owns a notebook computer that he carries to his clients for work purposes.
• D)Taxpayer, a farmer, has a prize winning steer in his herd.
• E)None of the above items are capital assets.

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Definitions:

Job Analysis Questionnaires

Checklists used to collect information about jobs, working conditions, and other performance-related information in a uniform manner.

Job Information

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Critical Incident Method

A performance appraisal technique focusing on identifying and evaluating specific events where the employee exhibited particularly effective or ineffective behavior.

Specific Events

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