The Asset Most Likely to Be Specifically Itemized in a Personal

question 64

Multiple Choice

The asset most likely to be specifically itemized in a personal property floater is

• A)sofa.
• B)clothing.
• C)jewelry.
• D)garden equipment.
• E)all of these.

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Definitions:

Tax-Oriented

Refers to financial strategies or decisions that are primarily influenced by tax considerations.

NPV

Net Present Value, a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Net Advantage to Leasing (NAL)

A calculation used to determine the financial benefits of leasing an asset as opposed to purchasing it.