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Question
The land is a/an
The land is a/an
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Solution
The correct option is B non-depreciable
The land asset is not depreciated, because it is considered to have an infinite useful life. When an entity purchases land that has a building on it, the cost must be allocated between the land and the building; the result will be depreciation of the building, but not the land.
The land asset is not depreciated, because it is considered to have an infinite useful life. When an entity purchases land that has a building on it, the cost must be allocated between the land and the building; the result will be depreciation of the building, but not the land.
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