Definitions for "CAPITAL ASSET"
An asset defined in Section 1221 of the Internal Revenue Code that once received favorable tax treatment upon sale. Excludes inventory, property held for resale, property used in a trade or business, copyrights in certain instances, and certain U.S. government obligations.
All property used in conducting a business other than assets held primarily for sale in the ordinary course of business or depreciable, and real property used in conducting a business.
Property owned and used by the taxpayer for personal reasons, pleasure, or investment.
an item other than a consumable that benefits the current and one or more future fiscal years
Keywords:  workers, tool, future, non, owner
a tool used by non-owners, including workers, to generate future income, which is why it can generate future income for its owner