Which One of the Following Is a Capital Asset

question 40

Multiple Choice

Which one of the following is a capital asset?

• A)Business inventory.
• B)A computer used for investments.
• C)A non-musical copyright created by the taxpayer.
• D)Rental property.

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Definitions:

Open Shop

A workplace where membership in a union is not a requirement for employees to be hired or maintain their positions.

Nonunion Members

Individuals who are employed in a workplace represented by a labor union but choose not to join or associate with the union.

Union

An organization formed by workers in various sectors to negotiate with their employers for better wages, working conditions, and benefits.

Trial Period

A trial period is a pre-defined time frame during which a product or service can be tested or used before full commitment or purchase is required.