1- Determine whether the following assets are ordinary, capital, pure 1231, 1231/1245, or 1231/1250 assets:

Apple stock owned by Warren Buffet.

a- 1231/1250

b- Capital

c- 1231/1245

d- Ordinary

e- Pure 1231

An Apple computer that a teenager uses exclusively to play video games (not as part of a business).

a- Ordinary

b- 1231/1250

c- Capital

d- Pure 1231

e- 1231/1245

A computer held by an Apple computer dealer for resale to customers in the ordinary course of business.

a- Ordinary

b- 1231/1250

c- Capital

d- Pure 1231

e- 1231/1245

Building (excluding land) that Apple owns and uses as a manufacturing facility for Apple computers and held more than 1 year.

a- Ordinary

b- 1231/1250

c- Capital

d- Pure 1231

e- 1231/1245

An Apple computer used exclusively for business in Apples accounting department and held more than 1 year.

a- Ordinary

b- 1231/1250

c- Capital

d- Pure 1231

e- 1231/1245