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Which taxpayers will be allowed to recognize depreciation

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Reference no: EM132712917

Problem 1: Which of the following taxpayers will be allowed to recognize depreciation on the property

1) Arthur rents pasture land with no capital improvement

2) Jan started using machinery in her business in january of 2019 and sold a depreciable depreciable property in December 2019

3) Steve bought an active business consisting of goodwill and patent

4) ben owns a vehicle which is used for both personal and business purposes

Reference no: EM132712917

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