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Which of the following is classified as depreciable, business-use property? O Property placed in service and disposed of in t
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Answer #1

IRS Publication 946, "How to Depreciate Property," defines a depreciable property. According to the publication, to be depreciable, property must meet all of the following requirements:

It must be a property you own.
It must be used in your business or income-producing activity.
It must have a determinable useful life.
It must be expected to last for more than one year.
Property, plant, and equipment (PP&E) are depreciable assets, as are certain intangible property such as patents, copyrights, and computer software. However, IRS Publication 535 also lists patents and copyrights as intangibles that must be amortized instead of depreciated. Whether these intangibles are amortized or depreciated generally depends on the characterization of their useful life.

Therefore copyrigtht is depreciable in the present question

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