Multiple Choice
Mark the correct statement.
A) Residential real property is depreciated over 39 years.
B) Nonresidential real property is depreciated over 27.5 years.
C) Nonresidential real property is depreciated over 39 years.
D) Depreciation on real property starts at the beginning of the year in which the property is placed in service.
Correct Answer:
Verified
Correct Answer:
Verified
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