What is asset capital definition
Define Capital Asset facts. Notion of capital assets except those specifically excluded by the tax.

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Capital Asset Definition

What CAPITAL ASSET means: Broadly speaking, all assets are capital assets except those specifically excluded by the tax Code. Major categories of noncapital assets include property held for resale in the normal course of business (inventory), trade accounts and notes receivable, depreciable property, and real estate used in a trade or business.

How works Capital Asset meaning in Tah definition C .