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Alyssa is an attorney. She maintains a library for use in her profession. She also buys technical books and journals for use in her business. Which of the following are true regarding Alyssa’s depreciable property?
A. She can depreciate any books and journals that have a useful life that extends substantially beyond the year she placed them in service
B. She cannot depreciate her library
C. She can depreciate all her technical books and journals regardless of useful life
D. She can depreciate her library, but none of her technical books and journals.
Sagot :
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