Under the depreciation provisions applying to real estate,which of the following statements is false?
A) The value of the land and property is added together and divided by the depreciation factor.
B) The guidelines for residential and commercial properties are 27.5 and 39 years, respectively.
C) Depreciation can be deducted from the cost of the asset over the asset's estimated life.
D) The IRS allows the investor to deduct depreciation from income earned.
Correct Answer:
Verified
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