Final answer:
Yes, assets held for investment and personal use assets are examples of capital assets. Capital assets are used in the production of goods and services and provide a benefit over time.
Step-by-step explanation:
Yes, assets held for investment and personal use assets are examples of capital assets.
Capital assets are assets that are used in the production of goods and services. They are typically long-term assets that are expected to provide a benefit over a period of time. Examples of capital assets include office buildings, machinery, tools, housing, and other tangible assets.
For example, if a company purchases a building to rent out to tenants, the building is considered a capital asset because it is used to generate income over time. Similarly, if an individual owns a house and plans to sell it in the future for a profit, the house is also considered a capital asset.