Question: fastlorwardacademy.com / lms / AFTR - 2 0 2 4 - Exam / 9 2 1 5 8 1 9 1 s 2 3 -

fastlorwardacademy.com/lms/AFTR-2024-Exam/9215819
1s 23-24
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EXAM
YOU HAVE A MAXIMUM OF 3 CONTINUOUS HOURS TO COMPLETE THE 100 QUESTION TEST.
Question 23vv of 100
Which of the following statements about the depreciation of rental property is FALSE?
Depreciation begins when depreciable property is placed in service
Residential rental property is depreciated over 27.5 years
A taxpayer cannot use straight-line depreciation for residential rental property
Depreciation ends when the cost of the property is fully recovered, or the property is retired
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fastlorwardacademy.com / lms / AFTR - 2 0 2 4 -

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