Collections are works of art that have been excluded from the definition of capital assets because of all of the following EXCEPT:

Question

Quizplus · Accepted Answer

The fact that many works of art are considered priceless and difficult to establish amortization guidelines for is a reason why collections are excluded from capital assets. Therefore, this option cannot be the correct answer. B, C, and D are all valid reasons why works of art collections are excluded from the definition of capital assets.

Collections Are Works of Art That Have Been Excluded from the Definition