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2/14/20

[Answer] Which of the following assets is not depreciation?

Answer: Land




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Which of the following assets is not depreciation? Which of the following is not one of the most common depreciation methods? a. Double-declining-balance method b . Sum-of-the-years-digits method c . Units-of-activity method … Land is the only asset that is not depreciated. Economics teaches us that land is a scarce resource. Therefore land is not depreciated as demand will always outstrip supply. Depreciation is charged so that the true value of the asset is reflected. Assets that are prone to fall in value due to obsolescence war and tear etc are depreciated. Land is not depreciated since it has an unlimited useful life. If land has a limited useful life as is the case with a quarry then it is acceptable to depreciate it over its useful life. If land has a limited useful life as is the case with a quarry then it is acceptable to depreciate it over its useful life. which of the following is irreverent in computing a machine's depreciation expense using the units-of-production method? debit to loss on sale of asset for 800 an asset that cost 24 000 and has accumulated depreciation of 18 000 is sold for 5 200. the entry to record the sale would include a... - c 175 9. which of the following assets is not depreciated? - c land 10.Alvin company pays each of its two offices employees each Friday at the rate of 100 per day for five days a week that begins on Monday. If the monthly account period ends Tuesday and the empl...


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