Collections Are Works of Art That Have Been Excluded from the Definition

question 5

Multiple Choice

Collections are works of art that have been excluded from the definition of capital assets because of all of the following EXCEPT:

• A)Many works of art are considered priceless,so it is not possible to establish reasonable amortization guidelines.
• B)The works are held for public exhibition,education and research.
• C)They are protected,cared for,and preserved.
• D)They are subject to organizational policies that require any proceeds from their sale to be used to acquire other items for the collection,or for the direct care of the existing collection.

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Definitions:

Sales Support Personnel

Employees who enhance and help with a firm’s overall selling effort, such as by responding to the customer’s technical questions or facilitating repairs.

Technical Information

Specialized knowledge or details about products or services, often used in manuals, specifications, and customer support materials.

Customer's Questions

The inquiries made by consumers to gain more information or clarification about products or services.

Legal Action

A process of pursuing justice through the court system involving legal proceedings.