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Which of the following is not a requirement for an asset to be depreciable? It must be held with the intent to produce income It

Which of the following is not a requirement for an asset to be

depreciable?

It must be held with the intent to produce income

It must have a basis

(

initial purchase plus installation

cost

)

greater than $

1, 000

It must wear out or get used up

It must have a life longer than

1

year

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