Which can be depreciated for income tax purposes?

Name: Which can be depreciated for income tax purposes?
Brand: Quizplus
Rating: 4.9 (62 reviews)

Question

Quizplus · Accepted Answer

Rental property can be depreciated for income tax purposes as it is considered a business asset. The other options, such as an owner-occupied condominium unit, vacant land, and an owner-occupied single-family residence, are not considered business assets and therefore cannot be depreciated for income tax purposes.

Which Can Be Depreciated for Income Tax Purposes