Multiple Choice
Which of the following assets would be allowed a depreciation deduction?
I.A truck used to provide transportation to a job site.
II.A car used for personal purposes.
III.An apartment building rented out for the production of rental income.
IV.A personal-use computer of the taxpayer.
A) Only statement II is correct.
B) Statements II and IV are correct.
C) Only statement I is correct.
D) Statements I and III are correct.
E) All of the assets are depreciable.
Correct Answer:

Verified
Correct Answer:
Verified
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