How is the recovery period of an asset determined?
A) Estimated useful life.
B) Treasury regulation.
C) Revenue Procedure 87-56.
D) Revenue Ruling 97-56.
E) None of the choices are correct.

Name: How is the recovery period of an asset determined? A) Estimated useful life. B) Treasury regulation. C) Revenue Procedure 87-56. D) Revenue Ruling 97-56. E) None of the choices are correct.
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Revenue Procedure 87-56 helps taxpayers to determine the recovery period for assets.

How Is the Recovery Period of an Asset Determined