Question

An example of an asset that is both personal-use and personal property is:•A. A computer used solely to monitor the CEO's investments and to complete her Form 1040.•B. A computer used solely to email company employees regarding company activities.•C. A company airplane used by the CEO for business travel.•D. A storage building used by the CEO to store personal records.•E. All of the assets are personal-use and personal property.A

Answer 1

Answer:

Option A is correct.

Explanation:

The following is an illustration of such a resource which is also personal usage as well as corporate capital, that system required primarily to track the contribution of both the Chief executive and also to execute the Form 1040.

• Option B is incorrect because the system required exclusively to email workers concerning the operations of the organization isn't an illustration of such a resource which is both personal usage and commercial property.
• Option C is also incorrect because it is seen that the following option is not the illustration of such a scenario.
• Option D is incorrect because the storage facility being required through the Chief executive to preserve confidential documents is not the correct illustration of such a scenario.
• Option E is incorrect because there are not all the resources are for the personal as well as commercial use.