Which of the Following Is Not a §1245 Asset If

question 82

Multiple Choice

Which of the following is not a §1245 asset if held for more than one year?

• A) Machinery.
• B) Automobile.
• C) Business cell phone.
• D) Land.
• E) None of the choices are correct.

Understand the role and process of lockbox systems in improving cash management.

Identify the reasons for holding cash and the business activities it supports.

Assess the net float and its impact on a firm’s cash management.

Analyze the benefits and costs related to installing lockbox systems and using cash concentration accounts.

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