Which one of the following assets is not a personal-use asset?a.Personal furnitureb.Antiquesc.Personal gold or platinum coinsd.Private art collections

Identifying Personal-Use Assets

1. Definition of Personal-Use Assets
   Personal-use assets are items that are primarily used for personal enjoyment rather than for investment purposes. These assets can include items like furniture, collectibles, and art.

2. Review of Options
   Let’s analyze each option to determine whether it qualifies as a personal-use asset:

   • a. Personal Furniture
     Personal furniture is typically used in a home setting for comfort and utility. Therefore, it qualifies as a personal-use asset.
   • b. Antiques
     Antiques can be appreciated for their beauty or historical significance, and are often kept for personal enjoyment, making them personal-use assets.
   • c. Personal Gold or Platinum Coins
     These coins can serve as both collectibles and investments. While they might be owned for personal enjoyment, they are often also viewed as a financial asset due to their potential for appreciation, which distinguishes them from typical personal-use assets.
   • d. Private Art Collections
     Private art collections are usually curated for personal enjoyment and aesthetics. These collections remain personal-use assets.

Conclusion

Based on the analysis, the asset that does not strictly fit as a personal-use asset due to its potential for investment and appreciation is c. Personal gold or platinum coins.