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Which of the following assets are depreciable or amortizable for financial accounting (not tax) purposes? Land Personal residence Rental residence Inventory Acquired goodwill Business automobile

  1. Which of the following assets are depreciable or amortizable for financial accounting (not tax) purposes?
  2. Land
  3. Personal residence
  4. Rental residence
  5. Inventory
  6. Acquired goodwill
  7. Business automobile

Enter all the items that are depreciated or amortized for financial accounting (book) purposes.

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