For which of the following asset depreciation can be applied?
(I) Land
(II) Furniture
(III) Machinery

(II) and (III)

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(II) only

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(I) and (III)

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All (I), (II) and (III)

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Solution

The correct option is B (II) and (III)
Land, furniture and machinery are all tangible assets therefore, depreciation will be provided on it.

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For which of the following asset depreciation can be applied?(I) Land(II) Furniture(III) Machinery

The correct option is B (II) and (III)Land, furniture and machinery are all tangible assets therefore, depreciation will be provided on it.

For which of the following asset depreciation can be applied?
(I) Land
(II) Furniture
(III) Machinery

The correct option is B (II) and (III)
Land, furniture and machinery are all tangible assets therefore, depreciation will be provided on it.