why bank account is not an tangible account
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To be considered tangible personal property, an item must be something you can physically handle. A checking account belongs to you and is considered an asset, but it's not tangible personal property because you can't touch it.
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To be considered tangible personal property, an item must be something you can physically handle. A checking account belongs to you and is considered an asset, but it's not tangible personal property because you can't touch it.
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