Which of the Following Would Not Be Allowed a Depreciation

question 81

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.

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Definitions:

Drinking

The act of consuming liquids, often referring specifically to the ingestion of alcoholic beverages.

Ethanol

The variety of alcohol used in beverages.

Vinegar

A liquid produced from the fermentation of ethanol, characterized by its acidic taste and used for culinary and cleaning purposes.

Fetal Alcohol Syndrome

A condition in infants resulting from alcohol exposure during the mother's pregnancy, leading to physical and cognitive development problems.