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23. Which of the following statements is true regarding depreciation and amortization? a. Goodwill can be amortized for tax purposes. b. Property used in a

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23. Which of the following statements is true regarding depreciation and amortization? a. Goodwill can be amortized for tax purposes. b. Property used in a trade or business may be eligible for depreciation if it has been used previously for personal purposes. c. Only property used in a trade or business is depreciable. d. More than one of the above are true. e. None of the above is true

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