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Identify which of the following is a capital asset: A canvas painting of a portrait client, in the painter's hands. Depreciable fixtures in a business

Identify which of the following is a capital asset:

A canvas painting of a portrait client, in the painter's hands.

Depreciable fixtures in a business parking lot.

Office supplies held by a business.

a.II only.

b.III only.

c.None of these choices are correct.

d.II and III only.

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