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    Income Tax Fundamentals
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    Exam 8: Depreciation and Sale of Business Property
  5. Question
    Which of the Following Assets Is Not a Section 1231
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Which of the Following Assets Is Not a Section 1231

Question 38

Question 38

Multiple Choice

Which of the following assets is not a Section 1231 asset?


A) Equipment used in a business
B) The unharvested crops of a farmer
C) Timber
D) Inventory
E) All of the above are Section 1231 assets

Correct Answer:

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