A computer used exclusively in a sole proprietor's business is a capital asset.

Name: A computer used exclusively in a sole proprietor's business is a capital asset.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the context of a sole proprietor's business, a computer used exclusively for the business is considered a business asset, not a capital asset. Capital assets are typically personal assets like investments, while business assets are used in the operation of the business.

A Computer Used Exclusively in a Sole Proprietor's Business Is