Which of the Following Is a Capital Asset

question 65

Multiple Choice

Which of the following is a capital asset?

• A) Accounts receivable of an accrual basis business
• B) Business equipment
• C) Self-created goodwill
• D) Purchased goodwill

---

Definitions:

Trained Introspection

A method in psychology where trained observers examine and report the content of their own thoughts and mental experiences.

Wilhelm Wundt

A German psychologist who is often considered the father of experimental psychology, having established the first psychology laboratory in Leipzig, Germany, in 1879.

Basic Elements

Fundamental components or building blocks of a larger system.

Structuralism

An approach in psychology that seeks to understand the structure of the mind by analyzing the components of mental experiences.