Multiple Choice
Grill Corporation sold all of its business assets when it went out of business.Which of the following is a capital asset?
A) Inventory
B) Office equipment
C) Goodwill
D) Factory machinery
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q51: The tax effect of a sale of
Q52: Carol used her auto 60 percent for
Q53: A gain must be recognized unless some
Q54: Vero Corporation owns $200,000 of equipment used
Q55: Wesley sold a piece of property for
Q57: Section 291 recapture only applies to a
Q58: Gain representing depreciation recapture on equipment is
Q59: During the current year, Zach had
Q60: A mixed-use asset is an asset that
Q61: To determine the tax, a taxpayer with