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

Question 22

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Determine the proper classification(s) of the asset discussed in the following scenario: Victoria purchased a new show case saw for her antique business.
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, III and VI are correct.
B) Statements II and III are correct.
C) Only statement VI is correct.
D) Statements II, III, and VI are correct.
E) Statements II, IV and VI are correct.

Correct Answer:

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