Select the one term that best fits each definition
-All property not classified as real property.
A) accelerated depreciation
B) amortization
C) assessed value
D) declining-balance method of depreciation
E) double declining-balance method of depreciation
F) gain
G) gain on plant assets
H) intangible assets
I) loss
J) loss on plant assets
K) personal property
L) plant asset record
M) real property
N) return on investment (ROI)

Question

Quizplus · Accepted Answer

Personal property refers to all property that is not considered real property, which includes movable items such as furniture, vehicles, and equipment, as opposed to land and buildings.

Select the One Term That Best Fits Each Definition