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Which of the following is true about capital assets? Real property used in a trade or busimess is a capital asset. b . Gains and
Which of the following is true about capital assets?
Real property used in a trade or busimess is a capital asset.
b Gains and losses on capital assets are classified as either shortterm ar langterm.
c Section assets are also considered capital assets,
A Inventory and accounts neceivable ane examples af capital assets:
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