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    Fundamental Accounting Principles
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    Exam 1: Property, plant and Equipment Intangibles
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    Because Land Has Unlimited Life,it Is Not Subject to Depreciation
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Because Land Has Unlimited Life,it Is Not Subject to Depreciation

Question 174

Question 174

True/False

Because land has unlimited life,it is not subject to depreciation.Therefore,items that increase the usefulness of the land such as parking lots are also not depreciated.

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