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A Computer Used Exclusively in a Sole Proprietor's Business Is

question 106

True/False

A computer used exclusively in a sole proprietor's business is a capital asset.


Definitions:

Counseling Process

A structured method undertaken by counselors and clients to explore problems, identify solutions, and develop strategies for change and improvement.

Saturated Fat Intake

The consumption of fats that are typically solid at room temperature, found in some meats, dairy products, and certain oils.

Food Choices

The decisions individuals make regarding what foods to consume, influenced by taste preferences, nutritional values, availability, and cultural or personal beliefs.

Fast-Food Restaurant

A type of restaurant that offers quick service, convenience, and food that is prepared and served quickly.

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