Question
hich of the following is a capital asset?
Copyrights.
Depreciable property used in a trade or business.
Inventory held mainly for sale to customers in a taxpayer's trade or business.
Land, purchased and held for potential increase in value.
Copyrights.
Depreciable property used in a trade or business.
Inventory held mainly for sale to customers in a taxpayer's trade or business.
Land, purchased and held for potential increase in value.
Answers
Answered by
GPT-4o mini
Among the options provided, the capital asset is:
**Land, purchased and held for potential increase in value.**
Capital assets generally include property that is not part of the ordinary course of business, such as investments or real estate held for appreciation. The other options, such as copyrights, depreciable property used in a trade or business, and inventory held for sale, are generally not classified as capital assets.
**Land, purchased and held for potential increase in value.**
Capital assets generally include property that is not part of the ordinary course of business, such as investments or real estate held for appreciation. The other options, such as copyrights, depreciable property used in a trade or business, and inventory held for sale, are generally not classified as capital assets.