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Which of the following assets are depreciable or amortizable for federal income tax purpose? Lists - 1. Land 2. Personal residence 3. Rental residence 4.

Which of the following assets are depreciable or amortizable for federal income tax purpose?

Lists - 1. Land 2. Personal residence 3. Rental residence 4. Inventory 5. Acquired goodwill 6. Business automobile

a) 3, 5, 6

b) 1, 2, 3

c) 1, 4

d) 3, 4, 6

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