Determine the Proper Classification(s)of the Asset Discussed in the Following $\quad$

Multiple Choice

Determine the proper classification(s) of the asset discussed in the following scenario: Jack bought a new table saw for his home.
I. Personal use property. $\quad$$\quad$$\quad$ IV. Intangible property.
II. Business use property. $\quad$$\quad$$\quad$ V. Real estate.
III. Tangible property. $\quad$$\quad$$\quad$$\quad$ VI. Personal property.

A) Statements I and III are correct.
B) Only statement VI is correct.
C) Statements II and III are correct.
D) Statements II, III, and VI are correct.
E) Statements I, III, and VI are correct.