Which of the following is not typically considered to be a "hot asset?"
A)Accounts receivable of a cash basis partnership.
B)Inventory with a basis of $16,000 and a fair market value of $15,000.
C)Depreciation recapture potential.
D)Land held for development.
E)All of the above are typically considered to be "hot assets."

Question

Quizplus · Accepted Answer

Inventory with a basis of $16,000 and a fair market value of $15,000 is not typically considered to be a "hot asset" because it is not expected to generate a significant amount of cash flow in the near future.

Which of the Following Is Not Typically Considered to Be