Which of the following assets is NOT depreciated? A) Equipment B) Building C) Land D) Furniture and Fixtures
Understand the Problem
The question is asking which of the listed assets does not undergo depreciation, implying an understanding of accounting practices related to asset valuation.
Answer
Land
The final answer is Land.
Answer for screen readers
The final answer is Land.
More Information
Land is not depreciated because it is considered to have an unlimited useful life, in contrast to other assets like buildings and equipment, which wear out or become obsolete over time.
Sources
- Which of the following assets is not depreciated? a. Store fixtures b ... - homework.study.com
- Which of the following fixed assets is not depreciated? a. building. b ... - homework.study.com
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