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Tina owns an investment property. As the property is coming up to 20 years of age, there are a few things Tina has to

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Tina owns an investment property. As the property is coming up to 20 years of age, there are a few things Tina has to spend money on to keep the property in good order. She currently rents out the property, and provides a clothes dryer in the property for the tenants. The clothes dryer has recently broken down and is out of warranty, so Tina decides to replace it. The new dryer costs $1,100, plus $100 delivery and installation. Which of the following statements is TRUE? Oa. Tina must depreciate the dryer over its effective life. b. Tina can claim an immediate deduction for the delivery and installation costs. O c. Tina can claim an immediate deduction for the cost of the dryer. Od. Tina can elect to depreciate or claim the full amount as she wishes Clear my choice

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