Which of the following assets is generally depreciable or amortizable for federal income purposes?

I. Goodwill

II. Copyright

III. Business Auto Driven by Business Owner

IV. Machinery

V. Leasehold Improvement

Choices:

A. III and IV only

B. III, IV, V only

C. i, ii, iii, iv, and v

D. II, III, IV, and V only