Capital assets are defined in the Code as any property held by
the taxpayer other than certain items including:
a.Inventory, accounts receivable, and depreciable property used
in a business.
b.Accounts payable and depreciable property or real estate used
in a business.
c.Inventory, accounts payable, and depreciable property used in
a business.
d.Inventory, accounts receivable, and intangible assets used in
a business.
e.Accounts receivable, long-term investments, and depreciable
property used in a business.
The rates in the Tax Rate Schedules are...