Which types of property can be depreciated for tax purposes?

Depreciation is a tax deduction that allows businesses to allocate the cost of tangible assets over their useful lives. This is done for assets that have a finite lifespan and are used in a business or for generating income. Business assets, such as equipment, machinery, and buildings, qualify for depreciation because they contribute to generating revenue and have a predictable decline in value over time.

When it comes to personal residences and vehicles, they typically do not qualify for depreciation in the same way because they are not used primarily for business purposes. Stocks and bonds represent investments rather than physical property and do not fit into the depreciation framework since they do not wear out or lose value in the same manner as tangible assets. Intangible assets, while they can sometimes be amortized, do not fall into the standard category of depreciation generally associated with physical assets.

Thus, the only type of property from the options given that is eligible for depreciation for tax purposes is business assets like equipment, machinery, and buildings.