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:

Tertiary Amine

A nitrogen-containing compound where the nitrogen atom is bonded to three carbon atoms, often used as a base or catalyst in organic synthesis.

Alkaloid

A group of naturally occurring chemical compounds that mostly contain basic nitrogen atoms, found in plants and are often used for their medicinal properties.

Anticancer Agent

A substance that inhibits or prevents the growth of cancer cells, often used in chemotherapy and medical treatment of cancer.

J. Med. Chem.

Short for Journal of Medicinal Chemistry, a scientific journal publishing research on the design and chemical properties of therapeutic agents.