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Select all that are true regarding capital property used in a trade or business: ...

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Accounting

Select all that are true regarding capital property used in a trade or business:
Question 5 options:
a)
Capital property used in a business is an expense when it purchased.
b)
An example of capital property would be a machine used by a business.
c)
An example of capital property would be inventory a business sells.
d)
The expense associated with capital property lowers taxable income and thus, the total tax bill for a firm.
e)
An example of a capital property would be a patent purchased by a business for a process it uses to make sales.
f)
Capital property is usually held for price appreciation.

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