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Which of the following is true about capital assets? a . Section 1 2 3 1 assets are also considered capital assets. b . Real
Which of the following is true about capital assets?
a Section assets are also considered capital assets.
b Real property used in a trade or business is a capital asset.
c Gains and losses on capital assets are classified as either shortterm or longterm.
d Inventory and accounts receivable are examples of capital assets.
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