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Answer the flowing True False (T/F): 2- If an asset has no definite service life, the asset cannot be depreciated. 3- A truck classified as

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Answer the flowing True False (T/F): 2- If an asset has no definite service life, the asset cannot be depreciated. 3- A truck classified as 5-years MACRS property was purchased on January 1 of 2010, then was sold on October 1 of 2010, a half year depreciation should be considered. (T/F)

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