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Explain whether the following assets are eligible for depreciation or amortization: Car used only for personal reasons, Lubricating oil purchased for business machinery, Construction company

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Explain whether the following assets are eligible for depreciation or amortization: Car used only for personal reasons, Lubricating oil purchased for business machinery, Construction company truck, Truck used by utility company to construct towers for its power lines, Farmland used to grow corn, A new apartment building with construction completed but unoccupied, Boats held for sale by a marina, Broadcasting license acquired in connection with the purchase of a television station and Leasehold improvements made by a tenant who has five years remaining on a lease

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