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:

Transplant Organs

Organs removed from one body and placed in another's body for the purpose of replacing a missing or defective organ.

Market

An economic system where goods and services are freely exchanged between buyers and sellers under competitive conditions.

Efficiency

The state or quality of being able to achieve maximum productivity with minimum waste or expense.

Equality

The state or condition of being equal, especially concerning status, rights, and opportunities.