Final answer:
Antiques may be eligible for cost recovery if they are used in a trade or business.
Step-by-step explanation:
In the case of antiques, they may be eligible for cost recovery if they are used in a trade or business. This means that if an antique item is used as part of a business operation, the cost of the antiques can be deducted as a business expense over time.
For example, if a restaurant owner uses antique furniture to create a vintage ambiance in their establishment, they can depreciate the cost of the furniture over a period of time, reducing their taxable income.
Therefore, the correct answer to the question is a. True.