Which of the Following Would Be Allowed a Depreciation Deduction

Multiple Choice

Which of the following would be allowed a depreciation deduction?
I.Inventory.
II.Land acquired as an investment.
III.Residence used as rental property.
IV.Airplane used by company controller to attend accounting conference.
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A) Only statement III is correct.
B) Only statement IV is correct
C) Statements III and IV are correct.
D) Statements II, III, and IV are correct.
E) All of the assets are depreciable.