Vero Corporation owns $200,000 of equipment used for its business and the building that the business is located in that is valued at $175,000.The business is successful and has investments in marketable securities valued at $45,000.What is the value of its capital assets?
A)$45,000
B)$75,000
C)$275,000
D)$320,000

Question

Quizplus · Accepted Answer

Capital assets typically refer to investments such as stocks, bonds, or other securities. In this context, the marketable securities valued at $45,000 are the capital assets.

Vero Corporation Owns $200,000 of Equipment Used for Its Business