$1.$ In general, business personal assets can be depreciated if the asset:

A$.$ Is used for business purposes, has a useful life that can be determined and is longer than

one year, and decays, gets used up$,$ wears out, or become obsolete.

B$.$ Is a land, has a useful life that can be determined and is longer than one year, and decays,

gets used up$,$ wears out, or becomes obsolete.

C$.$ Is intangible property not used for business purposes and has a useful life that can be

determined and is less than one year.