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Which of the assets held by a cash basis accounting firm

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Reference no: EM132830530

Problem 1: Which of the following assets held by a cash basis accounting firm is a § 1231 asset?

a. An account receivable from a client.

b. A desk used in the business and held more than one year.

c. A computer used in the business held more than one year but fully depreciated under § 179 when acquired.

d. "A desk used in the business and held more than one year" and "A computer used in the business held more than one year but fully depreciated under § 179 when acquired".

Reference no: EM132830530

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