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

What type of asset is each of the following?

  1. Machinery used in the taxpayers business.

  1. Personal-use automobile

  1. Business-use automobile

  1. Office furniture in taxpayers business

  1. Furniture in the taxpayers home

  1. Business inventory

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