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09-05-2024
Business

Answered

Larry is a writer. He sold several personal items to supplement his income during the tax year. He must categorize the items as capital or noncapital assets for his return. Which of the following is a noncapital asset?
a) Household furniture for his personal home
b) His coin collection
c) An antique rug in his living room
d) The copyrights on his books

Answer :

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