Which one of the following is a capital asset?
A)Accounts receivable
B)Copyright held by the author
C)Securities held for investment
D)Inventories
E)All of the above are capital assets

Question

Quizplus · Accepted Answer

Securities held for investment are considered capital assets. Accounts receivable are not considered capital assets, as they are part of a company's normal operations. Copyright held by the author may be considered a capital asset in some cases, but it depends on how it is used by the author (for example, if it is used in a business or sold for a profit). Inventories are not considered capital assets, as they are part of a company's normal operations.

Which One of the Following Is a Capital Asset