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Annual Federal Tax Refresher Course
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YOU HAVE A MAXIMUM OF CONTINUOUS HOURS TO COMPLETE THE QUESTION TEST.
Question of
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 years
A taxpayer cannot use straightline 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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