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Which of the following statements about basis is TRUE? Bonus/special depreciation decreases basis. Basis is not impacted by casualty losses. Basis is not impacted by

Which of the following statements about basis is TRUE?

Bonus/special depreciation decreases basis.

Basis is not impacted by casualty losses.

Basis is not impacted by the Section 179 deduction.

Depreciation can decrease basis below zero.

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