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eBook Print Item Discussion Question 8-3 (LO. 1) Are land improvements used in a trade or business eligible for cost recovery? Land improvements are

eBook Print Item Discussion Question 8-3 (LO. 1) Are land improvements used in a trade or business eligible for cost recovery? Land improvements are eligible for cost recovery, because they have an indeterminate life a MACRS class life of 10 years a MACRS class life of 15 years la MACRS class life of 20 years E

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