Problem 8-15 (LO. 1) Rennie owns a video game arcade. He buys vintage video games from estates, often at much less than the retail value of the property. He usually installs the vintage video games in a special section of his video game arcade that appeals to players of "classic" video games. Recently, Rennie sold a classic video game that a customer "just had to have." Rennie paid $11,250 for it, owned it for 14 months, and sold it for $18,000. Rennie had suspected that this particular classic video game would be of interest to collectors; so he had it refurbished, put it on display in his video arcade, and listed it for sale on the internet. No customers in the arcade had played it other than those testing it before considering it for purchase. Rennie would like the gain on the sale of the classic video game to be a long-term capital gain. Indicate if the following statements are "True" or "False" regarding whether the gain on the sale of the classic video game would be treated as a long-term capital gain. a. Rennie must show objective evidence that he held the classic video game as a depreciable asset. b. Rennie must demonstrate that he is a dealer in classic video games. C. Rennie must demonstrate that he held the classic video game as an investment. II d. Rennie must show that the video game was held an inventory item on his books and he had similar sales on a regular basis. True False