Asked by
Christina Tarracino
on Nov 30, 2024Verified
Darlene uses her computer 75 percent of its usage time for her business and 25 percent of its usage time for personal and family purposes. Under Article 9, the computer would be classified as equipment.
Article 9
A provision within the Uniform Commercial Code (UCC) that governs secured transactions involving personal property, creating a framework for securing debts and financing statements.
Equipment
Tangible property or tools that are used in the process of producing goods or providing services.
- Comprehend the categorization of goods according to the Uniform Commercial Code, identifying what is classified as inventory and what as equipment.
Verified Answer
SP
Learning Objectives
- Comprehend the categorization of goods according to the Uniform Commercial Code, identifying what is classified as inventory and what as equipment.
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