Question: Indicate whether a taxpayer could claim deductions for depreciation or amortization for the following: a. Land used in the taxpayer's ranching business. b. An automobile

Indicate whether a taxpayer could claim deductions for depreciation or amortization for the following:
a. Land used in the taxpayer's ranching business.
b. An automobile used in business. The taxpayer accounts for die deductible car expenses using the standard mileage rate.
c. The costs attributable to goodwill and a covenant-not-to-compete.

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