Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 12

According to information on the IRS website, a taxpayer can take a depreciation deduction as long as the property meets all of the following requirements except:
a) The taxpayer must own the property.
b) The taxpayer must use the property in an income-producing activity.
c) The taxpayer must use the property for personal purposes.
d) The property must have a determinable useful life of more than 1 year.