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Which of the following is a capital asset?

Which of the following is a capital asset?


(A) The bicycle of a 10-year old child. The child purchased the bicycle with money inherited from an aunt.
(B) The tools used by a self-employed carpenter.
(C) The lots owned by a company that is in the business of buying and reselling residential building lots.
(D) A “mint” set of 1985 coins owned by a coin dealer and that is for sale on his website.
(E) None of the above

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Accounting-8195187.doc

Question:
Which of the following is a capital asset?
(A) The bicycle of a 10-year old child. The child purchased the bicycle with money
inherited from an aunt.
(B) The tools used by a self-employed...

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