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According to Nan, what is the first step in creating a Quick Part?
Capital Assets
Long-term assets such as property, plant, and equipment that are used or held for investment purposes, the sale of which results in capital gains or losses.
Gift
Something voluntarily transferred by one person to another without compensation.
Short-term Capital Loss
A loss realized from the sale or exchange of a capital asset held for one year or less.
Long-term Capital Gain
Profit from the sale of an asset held for more than one year, typically taxed at a lower rate than regular income.
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