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

question 46

Multiple Choice

Determine the proper classification(s) of the asset discussed in the following scenario: Judge Marshall purchased a new gold-trimmed gavel to decorate his living room.
I.Personal use property.
IV.Intangible property.
II.Business use property.
V.Real estate.
III.Tangible property.
VI.Personal property.
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• A)Statements I and III are correct.
• B)Only statement VI is correct.
• C)Statements II and III are correct.
• D)Statements II, III, and VI are correct.
• E)Statements I, III and VI are correct.

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Definitions:

Urogenital Triangle

The anterior part of the perineal region in both males and females, containing the external genital organs and the opening of the urethra.

Anterior Portion

The front part of a body or structure, often referring to the human body or anatomical structures within it.

Rectus Abdominis

A long muscle that extends along the front of the abdomen, playing a key role in flexing the spinal column and stabilizing the core.

Vertebral Column

The flexible and supportive spine, composed of a series of bones called vertebrae, extending from the skull to the small of the back.