Multiple Choice
Land is not a depreciable asset because
A) the future value of land cannot be determined.
B) land has an unlimited useful life.
C) land may deteriorate in the future.
D) land is classified as a current asset.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: A liability-revenue relationship exists with<br>A) prepaid expense
Q146: The following amounts are taken from the
Q147: In the accrual basis of accounting, revenue
Q149: On December 31, 2013, Polski Company prepared
Q150: Depreciation Expense for a period can be
Q152: You receive $45,000 in year 1 for
Q153: Amortization is a term which means the
Q154: An adjusted trial balance is necessary to
Q155: In a service-type business, revenue is considered
Q156: On December 1, 2014, Pitless Corp, a