Which of the following is NOT classified as Personal Property?

Personal property refers to movable items that are not fixed to a particular location, distinguishing it from real property, which includes land and immovable structures attached to it. Land is classified as real property due to its permanence and the fact that it cannot be moved. The other options listed — material, equipment, and special test equipment — are all classified as personal property because they are items that can be moved and transferred easily.

Materials refer to goods that are used in the production or construction of products or structures and can vary in size and portability. Equipment includes tools and machinery that can be utilized in various processes, and special test equipment is designed for specific testing purposes and is also movable. Thus, land's classification as real property makes it the correct choice for the item that is not considered personal property.