Which of the Following Assets Would Not Be Allowed a Depreciation

Multiple Choice

Which of the following assets would not be allowed a depreciation deduction?
I.A business computer used to process payroll and maintain a company's general ledger.
II.A personal residence of a taxpayer.
III.A building rented out for the production of rental income.
IV.A yacht rented to a fishing party.
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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.