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In: Accounting

Which of the following is described as real property? A. Bulldozer B. Town Home C. Semitrailer...

Which of the following is described as real property? A. Bulldozer B. Town Home C. Semitrailer D. Yacht

Solutions

Expert Solution

Answer : OPTION B

Real property is land and any property attached directly to it. It is any subset of land that has been improved through legal human actions

Bull dozer:  bulldozer is a crawler equipped with a substantial metal plate used to push large quantities of soil, sand, rubble, or other such material during construction or conversion work and typically equipped at the rear with a claw-like device to loosen densely compacted materials

TOWN HOME : A townhouse or townhome is a single family home that shares one or more walls with other independently-owned units. They are often rows of uniform homes, two stories or taller. Residents own their interior and exterior walls, lawn, and roof, as well as the insurance for both their home and property

Semi trailer :

a trailer having wheels at the back but supported at the front by a towing vehicle.

Ex : articulated lorry.

Yacht:a medium-sized sailing boat equipped for cruising or racing.


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