Which of the following assets held by a manufacturing business is a §1231 asset? A. A factory building used in the business and held more than one year.
B. Inventory.
C. Office furniture used in the business and held less than one year.
D. Accounts receivable.
E. All of these choices are correct.

A factory building used in the business and held more than one year.

Explanation:

According to Section 1231. property are assets that are used in your trade or business and are held by the Taxpayer for more than one year.

The factory building has serve the purpose of the section. It is used for a trade and has been held by the taxpayer for more than a year, hence, the property can be termed an assets by a manufacturing business