A local law firm recently remodeled its offices. In addition to new office furniture and computers, the

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A local law firm recently remodeled its offices. In addition to new office furniture and computers, the company purchased six large paintings from a local art gallery. These paintings are more than 100 years old and cost more than $ 100,000. The paintings are on display in the offices alongside more recent paintings by lesser-known artists. Are the paintings depreciable for tax purposes?
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Federal Tax Research

ISBN: 9781285439396

10th Edition

Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill

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