Question 22

. Genfl vIOLUIS b. City of Sacramento PROBLEMS 16-22 Identifying Capital Assets. Which of the following items are capital assets? a. An automobile held for sale to customers by Midtown Motors, Inc b. An automobile owned and used by Sherry Hartman to run household errands. c. An automobile owned and used by Windowwashers, Inc. d. The private residence of Robert Hamilton. e. Letters from a famous U.S. President written to Jane Doe. (Jane Doe has the letters.) f. A warehouse owned and used by Holt Packing Company. g. Gold bullion. h. A country and western ballad written by W. Nelsom