Which of the following is a true statement about depreciation on listed property? a. All listed property

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Which of the following is a true statement about depreciation on listed property?

a. All listed property is not depreciable, and any costs are recovered when the property is sold.

b. Cellphones and computers generally both meet the definition of listed property.

c. Listed property includes school buses and tractors.

d. If listed property is used less than 50 percent for business purposes, depreciation must be straight-line.

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 06:57 AM

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Which of the following is a true statement about depreciation on listed property? a. All listed property

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Income Tax Fundamentals 2023

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