Sentences with phrase «considered tangible personal property»

Some things are considered tangible personal property depreciated over 5, 7 or 15 years, some are considered building components depreciated over 27.5 years.

Not exact matches

In determining whether a defendant has substantial liquid assets, the judge shall not consider up to Ten Thousand Dollars ($ 10,000.00) in tangible personal property, including motor vehicles, household goods, or any other assets exempted from seizure under execution or attachment as provided under Section 85 -3-1.

Since the beneficial interest is considered to be personal property, it is treated in much the same manner as a car or other tangible asset, therefore making it so much simpler to sell, borrow against or transfer than a parcel of real estate.