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Give the Depreciable or Amortizable Recovery Periods for 2019 Tax

Question 86

Essay

Give the depreciable or amortizable recovery periods for 2019 tax purposes for these assets:

Automobiles
Business furniture
Computers
Residential real estate
Commercial real estate
Land
Purchased goodwill

Correct Answer:

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Automobiles: 5 years
Business furniture:...

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