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What type of asset is each of the following? a. Machinery used in the taxpayers business b. Personal-use automobile c. Business-use automobile d. Office furniture

What type of asset is each of the following?

a. Machinery used in the taxpayers business

b. Personal-use automobile

c. Business-use automobile

d. Office furniture in taxpayers business

e. Furniture in the taxpayers home

g. Business inventory

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