Which of the Following Would Not Be Allowed a Depreciation

Multiple Choice

Which of the following would not be allowed a depreciation deduction?
I.Inventory.
II.Business equipment.
III.Land acquired as an investment.
IV.Cattle used in a dairy herd.
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A) Only statement I is correct.
B) Statements I and III are correct.
C) Statements I, III and IV are correct.
D) Only statement IV is correct.
E) All of the assets are depreciable.