$1.$ Although Suki is a knowledgeable tax and accounting professional, her partners, Carlos and Leticia, have little tax experience. During your recent visit to CLS$,$ Carlos asked you the following questions. How would you respond to these questions posed by a business person without a tax background? Draft your responses in the form of a letter to a client.

a$.$ Why is land not depreciable?

b$.$ Why can$$t we use the same depreciation calculations prepared for our financial statements in filing our tax returns?

c$.$ Why is depreciation expense on our financial statements significantly less than what you have calculated for tax purposes?

d$.$ How do tax depreciable lives and methods, in general, differ from financial accounting lives and methods?

e$.$ What is depreciation recapture and how does it affect our tax liability?

f$.$ Our financial statements show less net gain on the sale of depreciable assets than your calculations. Why would that be the case?