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JOE HaIl owns a limousine for use in his personal service business of transporting passengers to airports. The limousine's adjusted basis is $40,000. In addition.

JOE HaIl owns a limousine for use in his personal service business of transporting passengers to airports. The limousine's adjusted basis is $40,000. In addition. Hall owns his personal residence and furnishings, that together cost him $280,000. Hall's capital assets amount to: A. $320,000 B. $280,000 C. $40,000 D. $O

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