Question
Which of the following assets held by a manufacturing business is not a Section 1231 asset? a. Inventory b. A machine used in the business
Which of the following assets held by a manufacturing business is not a Section 1231 asset?
a. Inventory
b. A machine used in the business and held for more than one year.
c. A factory building used in the business and held for more than one year.
d. Land used in the business and held for more than one year.
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
2nd Edition
0273655507, 978-0273655503
