Which asset would be classified as real?

Land and buildings are classified as real assets because they are fixed, immovable properties that are permanently attached to the land. Real property refers to the physical land itself, along with any structures or improvements made on it, such as buildings or other infrastructure. This classification distinguishes these types of assets from personal property, which includes movable items and intangible assets.

The other options, such as machinery, bank accounts, and brand reputation, fall under personal property or intangible assets. Machinery is movable equipment used in various operations and thus categorized as personal property. Bank accounts represent financial assets rather than physical property, being liquid and not associated with a specific location. Brand reputation is an intangible asset that carries value through consumer perception and does not have a physical form or fixed location. Therefore, the distinction between real property and personal or intangible property is primarily based on the physical presence and ownership rights associated with land and buildings.