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Which of the following will be considered a capital asset? Inventory from your floppy disk business b. A portrait of you painted by your best
Which of the following will be considered a capital asset?
Inventory from your floppy disk business
b. A portrait of you painted by your best friend, Jackson P who is a professional artist, given to your wife 15 years ago
c. A pasture you own for your three horses, 17 goats, and 12 sheep
d. Your autographed picture of President Jimmy Carter you received when you graduated from grade school in 1977
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