Allie contributed the following business assets to ASW Partnership on August 1, 2017:

What is the holding period for the building and the inventory to ASW Partnership?

a. Building €“ long-term capital or § 1231 asset.

b. Building €“ short-term ordinary asset.

c. Inventory €“ short-term ordinary asset.

d. Both a and c.

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Date Purchased by Allie Basis FMV Building 07/01/04 05/08/14 $175,000 $300,000 S 50,000 S100,000 Inventory