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: "Cher receives a copyright for a new song she has written"
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 IV is correct.
C) Statements II and IV are correct.
D) Statements II, IV, and VI are correct
E) Statements II and VI are correct.