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(Solved) (Latest ver. Aug 2020) - Which ones are capital assets?

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13. All of the following assets are held by Chuck, who is not in business. Which ones are capital assets?

a. Ten shares of Green Motors common stock.
b. A note Chuck received when he loaned $3,000 to a friend.
c. Chuck's personal use automobile.
d. A letter written by Abraham Lincoln that Chuck purchased at an auction. Chuck is
a collector of Lincoln memorabilia.


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