Definition:
Capital Assets are all types of property that are held by a company for investment and useful purposes. While most types of property are considered capital assets, some types of property are not included as capital assets:
- property for sale to customers or merchandise
- intellectual property
- accounts receivable or notes receivable
- Depreciable property (equipment and vehicles, for example) used in your business
- real property (land and buildings) used in your business.
