Which of the Following Is Not a Capital Asset

question 82

Multiple Choice

Which of the following is not a capital asset?

• A)Office building used as a rental property by a real estate professional.
• B)Antique automobile.
• C)Land held for investment.
• D)Stock held for investment.

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Definitions:

Accommodate

To make fit, adjust, or adapt to a particular space, situation, or need.

Schemas

Cognitive frameworks or concepts that help individuals organize and interpret information in the world around them.

Cognitive Developments

The process by which an individual's ability to think, understand, and reason matures over time.

Haphazard

Lacking any obvious principle of organization; random or disorganized.