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Depreciation (cost recovery) is available on which of the following: 1. Garage built to store a personal collection of classic cars. 2. A warehouse used
Depreciation (cost recovery) is available on which of the following: 1. Garage built to store a personal collection of classic cars. 2. A warehouse used to store business equipment. 3. Furniture and fixtures in a Doctors office. 4. Mary's beach house that she lets family use during the year. A. 2 and 3 only B. 1, 3 and 4 only C. 1, 2, and 3 only D. 2,3 and 4 only
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