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Questions and Answers
Which of the following types of property can be depreciated?
Which of the following types of property can be depreciated?
- Land
- Personal use property
- Inventory
- Equipment (correct)
Why is land not depreciable?
Why is land not depreciable?
- It is a wasting asset. (correct)
- It is expected to be used up or depleted.
- It is a current asset.
- It is not considered a physical form of property.
Which of the following is an example of intangible property that can be depreciated?
Which of the following is an example of intangible property that can be depreciated?
- Land
- Trademarks (correct)
- Buildings
- Inventory
Why is personal use property not depreciable?
Why is personal use property not depreciable?
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Which of the following is an example of tangible property that cannot be depreciated?
Which of the following is an example of tangible property that cannot be depreciated?
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