Which one of the following assets is not a personal-use asset?a.Personal furnitureb.Antiquesc.Personal gold or platinum coinsd.Private art collections

Which one of the following assets is not a PERSONAL USE ASSET?A.A motor vehicle kept only for private use.B.A bicycle kept for private use.C.A person's private home.D.A television set costing $2,500 used only for private use.E.An option to acquire a personal use asset.

Which of the following assets is a COLLECTABLE asset for CGT purposes?A.A painting hung in the boardroom of a company.B.A diamond engagement ring.C.A rare vinyl record from The Beatles that was produced in 1964. D.A new copy of a Harry Potter book bought from the Myer department store last week. E.A rare motorcycle that was built in 1960.

Assets held for investment and personal use assets are examples of capital assets.

Which of the following is not a tangible asset?Multiple choice question.TruckLandPepsi trademarkOil reserves

An ordinary asset may include the following, except:Select one:a.Real property of the taxpayer used in his/her trade or businessb.Depreciable properties used in the businessc.Personal property of the taxpayer used in his/her trade or businessd.Stock in trade of the taxpayer included as inventory at the end of the taxable year