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ASU ACC241 Exam 2 Practice
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An owner removes built-in bookcases from a house before listing it. The act of converting the bookcases from real property to personal property is called what?
Accession
Annexation
Severance
Avulsion
Reveal Answer
Correct Answer:
Severance
Explanation:
Severance is the process of changing an item from real property to personal property by detaching it from the land or improvements.
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