Which of the Following Is Not a Capital Asset as Defined

question 42

Multiple Choice

Which of the following is not a capital asset as defined by the Code?

• A) Inventory held primarily for resale in the ordinary course of business.
• B) Supplies used in the ordinary course of business.
• C) Depreciable property and land used in a trade or business.
• D) Both a and b
• E) All of the above.

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Definitions:

Autism

A developmental disorder that affects communication and behavior, characterized by difficulties in social interaction and communication and by restricted or repetitive patterns of thought and behavior.

Repetitive Movement Patterns

Involves the repeated execution of the same motor sequence, often observed in sports, dance, or therapeutic exercises.

Indifferent To Other People

Exhibiting a lack of interest or concern for others, often displaying emotional detachment or apathy.

Distressed

Experiencing anxiety, pain, or sorrow, often as a result of external pressures or situations.