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35. In order for a taxpayer to be allowed a depreciation deduction for real property, which of the following requirements must be met? A. The

35. In order for a taxpayer to be allowed a depreciation deduction for real property, which of the following requirements must be met?

A. The taxpayer must use the property in either a trade or business or in an income-producing activity.

B. The property must have a determinable useful life of more than one year.

C. Both A and B.

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