Determine the Proper Classification(s)of a House Owned and Used by John

Multiple Choice

Determine the proper classification(s) of a house owned and used by John as his principal residence.
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 V are correct.
B) Statements I, III, and VI are correct.
C) Only statement I and V are correct.
D) Only statement V is correct.
E) Only statement I is correct.