Podcast
Play an AI-generated podcast conversation about this lesson
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?
Signup and view all the answers
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?
Signup and view all the answers
