Which of the following is not a requirement for an asset to be depreciable? (a) It must have a life longer than 1 year. (b) It must have a basis (initial purchase plus installation cost) greater than $1,000. (c) It must be held with the intent to produce income. (d) It must wear out or get used up.
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Home » Business » Which of the following is not a requirement for an asset to be depreciable? (a) It must have a life longer than 1 year. (b) It must have a basis (initial purchase plus installation cost) greater than $1,000.