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

Which of the following asset is NOT depreciated?

A

Factory Buildings

B

Office Equipment

C

Plant & Machinery

D

Land

 
 
 

Grade:12

1 Answers

ankit singh
askIITians Faculty 614 Points
3 years ago
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.

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