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Assume each of the following assets were sold during 2021. Classify each asset as either capital, ordinary, or 1231 (quasi-capital): Truck used in a snowplowing

Assume each of the following assets were sold during 2021. Classify each asset as either capital, ordinary, or 1231 (quasi-capital):

  1. Truck used in a snowplowing business.
  2. 100 shares of Stryker Corp. stock.
  3. Accounts receivable belonging to the snowplowing business.
  4. Books held for sale as part of an online bookstore business.
  5. A baseball card collection.

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