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Question
On which of the following asset depreciation cannot be provided?
On which of the following asset depreciation cannot be provided?
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Solution
The correct option is B Land
The land asset is not depreciated, because it is considered to have an infinite useful life. During this useful life, they are depreciated, which reduces their cost to what they are supposed to be worth at the end of their useful lives (which is known as salvage value).
The land asset is not depreciated, because it is considered to have an infinite useful life.
During this useful life, they are depreciated, which reduces their cost to what they are supposed to be worth at the end of their useful lives (which is known as salvage value).
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