5 Questions
Which of the following types of property can be depreciated?
Equipment
Why is land not depreciable?
It is a wasting asset.
Which of the following is an example of intangible property that can be depreciated?
Trademarks
Why is personal use property not depreciable?
It is not used in a trade or business.
Which of the following is an example of tangible property that cannot be depreciated?
Land
Test your knowledge on depreciation of property with this quiz! Learn about the types of property that can be depreciated and those that cannot. Discover the difference between tangible and intangible property and how they fit into the depreciation equation. Impress your accountant with your newfound knowledge!
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