A company that sells office machinery and equipment should classify its personal property as what?

Classifying personal property for a company that sells office machinery and equipment falls under the category of "Commercial Inventory" (CI). This classification is appropriate because the office machinery and equipment are intended for sale and are part of the company's inventory used for conducting business.

Commercial Inventory refers to goods that are kept on hand for sale to customers, which accurately describes personal property like office machinery that a business sells. The other options represent different categories:

• Capital Assets (CA) would include long-term assets that are used over time in the business but are not intended for sale.

• Real Estate (RE) encompasses land and buildings owned by the business, which does not apply to office machinery.

• Intangible Assets (IM), which pertain to non-physical assets such as patents or trademarks, also do not fit the classification needed for tangible goods like office machinery.

Thus, classifying the personal property of a company that sells office machinery as Commercial Inventory is the most accurate and relevant choice in this scenario.