Stanley operates a restaurant as a sole proprietorship.Which of the following items are capital assets in the hands of Stanley?
A) The restaurant's tables and chairs.
B) A portable sound system used to play "theme music" for the restaurant.
C) The restaurant building that is an asset of the sole proprietorship.
D) An interestbearing savings account used to keep the restaurant's excess cash.
E) None of these.
Correct Answer:
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