Question: Capital assets include a. A corporations accounts receivable from the sale of its inventory. b. Seven-year MACRS property used in a corporations trade or business.

Capital assets include

a. A corporation’s accounts receivable from the sale of its inventory.

b. Seven-year MACRS property used in a corporation’s trade or business.

c. A manufacturing company’s investment in US Treasury bonds.

d. A corporate real estate developer’s unimproved land that is to be subdivided to build homes, which will be sold to customers.

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