Capital assets include all of the following except for A)goodwill. B)franchise rights. C)buildings. D)inventory.

Question

Quizplus · Accepted Answer

Inventory is not considered a capital asset. Capital assets refers to long-term assets that are used to generate income for a company, such as buildings, equipment, and intangible assets like goodwill and franchise rights. Inventory, on the other hand, is a short-term asset that is held for sale or for use in producing goods or services.

Capital Assets Include All of the Following except for