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Which of the following assets held by a business is a 1231 asset? a. Livestock held for draft, breeding, or dairy purposes. b. Office furniture
Which of the following assets held by a business is a 1231 asset?
a. | Livestock held for draft, breeding, or dairy purposes. | |
b. | Office furniture used in the business and held less than one year. | |
c. | A factory building used in the business and held less than one year. | |
d. | Accounts receivable. | |
e. | All of the above. |
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