Which type of asset is considered movable?

The correct answer is personal, as personal property includes items that are movable and not permanently attached to real estate. Personal property consists of tangible assets, such as furniture, vehicles, and equipment, which can be relocated without altering the structure of a property. This distinguishes it from real property, which is immovable and refers to land and anything permanently affixed to it, like buildings or improvements.

Tangible refers to assets that can be touched or physically measured, which applies to both personal and real property, but it does not exclusively define the category of assets as movable. Fixed, on the other hand, typically relates to assets that are permanently attached to a location, further contrasting with personal property, which is characterized by its ability to be moved. Therefore, personal property is the specific category that embodies the quality of being movable.