An Example of an Asset That Is Both Personal-Use and Personal

question 49

Multiple Choice

An example of an asset that is both personal-use and personal property is:

• A) A computer used solely to email company employees regarding company activities
• B) A storage building used by the CEO to store personal records
• C) A computer used solely to monitor the CEO's investments and to complete her Form 1040
• D) A company airplane used by the CEO for business travel
• E) All of these are personal-use and personal property

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Definitions:

Desired Effect

The intended or sought-after outcome or result of a particular action or situation.

Compulsive Craving

An intense, uncontrollable desire, often for a specific substance or activity that can lead to compulsive behavior.

Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Adverse Consequences

Negative outcomes or effects that result from an action, decision, or situation.