Which One of the Following Is Section 1231 Property

question 101

Multiple Choice

Which one of the following is Section 1231 property?

• A)Accounts receivable.
• B)Copyright owned by an author.
• C)Inventory.
• D)A building used in a trade or business.

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Definitions:

Showrooming

The practice of examining merchandise or products in a physical retail store but then buying them online, often at a lower price.

Brick-and-mortar Store

A physical retail location that customers can visit to shop as opposed to an online store.

Purchase Online

The act of buying goods or services over the internet, often through e-commerce platforms and websites, using digital transactions.

B2B

Business-to-Business, a model in which businesses provide products or services to other businesses rather than to consumers.