A cost allocation base can be either financial or nonfinancial

According to income tax laws, which of the following is true about depreciation of land:

A: Land has a residual value but improvements do not; B: The ACRS method of depreciation can be used when depreciating land; C: Land is considered to be 25% of the total value and is depreciated; D: Land is not depreciated.

A landlord cannot evict a commercial tenant for failure to pay rent without a court order

Indicate whether the statement is true or false