Which of the following assets is 1231 property?
A) a machine used in the company's manufacturing operations
B) an investment in corporate stock
C) land held for investment
D) items held for resale by a retailer
Answer: A
Which of the following assets is 1231 property?
A) a machine used in the company's manufacturing operations
B) an investment in corporate stock
C) land held for investment
D) items held for resale by a retailer
Answer: A