Which of the following is not a §1245 asset if held for more than one year?
A) Machinery.
B) Automobile.
C) Computer.
D)Land.
E)None of these

Question

Quizplus · Accepted Answer

Land is not depreciable and therefore, is not classified as a §1245 asset. The other choices, machinery, automobile, and computer, are all depreciable and would be classified as §1245 assets if held for more than one year.

Which of the Following Is Not a §1245 Asset If