DEFINITION
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DEFINITION 01 Capital assets include identifiable assets such as property, plant and equipment or intangible assets that are held for use in the production or supply of goods and services. They are intended for use on a continuing basis an...
AI summary Capital assets are defined as identifiable assets like property, plant, and equipment, or intangible assets, held for use in producing or supplying goods and services and not intended for sale in the ordinary course of business. This definition is sourced from the CICA Handbook.