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Grade: 12

                        

Which of the following asset is NOT depreciated? A Factory Buildings B Office Equipment C Plant & Machinery D Land

one month ago

Answers : (1)

ankit singh
askIITians Faculty
596 Points
							
Land is not depreciated because land is assumed to have an unlimited useful life. Other long-lived assets such as land improvements, buildings, furnishings, equipment, etc. have limited useful lives. Therefore, the costs of those assets must be allocated to those limited accounting periods.
one month ago
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