Question: Andy owns an appliance store where he has merchandise such as a refrigerator for sale. Roger, a bachelor, owns a refrigerator, which he uses in
Andy owns an appliance store where he has merchandise such as a refrigerator for sale. Roger, a bachelor, owns a refrigerator, which he uses in his apartment for personal use. For which individual is the refrigerator a capital asset?
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For Andy the refrigerator is inventory and not a capital ... View full answer
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