Which of the Following Items Is a Capital Asset in the Hands

Multiple Choice

Which of the following items is a capital asset in the hands of the taxpayer?

A) Taxpayer owns a 10-year old Harley-Davidson motorcycle.
B) Taxpayer owns a used car lot. He owns a 1962 Cadillac that is for sale on the lot.
C) Taxpayer owns a notebook computer that he carries to his clients for work purposes.
D) Taxpayer, a farmer, has a prize winning steer in his herd.
E) None of the above items are capital assets.