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What is Business Personal Property, also known as BPP?

User NotArefill
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Final answer:

Business Personal Property (BPP) is tangible assets owned by a business that are not attached to real property. Examples include office equipment, machinery, furniture, vehicles, inventory, and tools.

Step-by-step explanation:

Business Personal Property (BPP), also known as personal property, refers to tangible assets owned by a business that are not attached to real property.

Examples of BPP include office equipment, machinery, furniture, vehicles, inventory, and tools.

This category of property is important for businesses to track and manage for tax purposes and insurance coverage.