True/False
Because land is nondepreciable, it is always a capital asset.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q78: Fantino Inc. was incorporated in 2019
Q79: Gupta Company made the following sales
Q80: Kuong Inc. sold a commercial office building
Q81: Two months ago, Dawes Inc. broke a
Q82: Brenda sold investment land for $200,000 in
Q84: CBM Inc. realized a $429,000 gain on
Q85: Dolzer Inc. sold a business asset with
Q86: Nancy owned business equipment with a $16,950
Q87: Several years ago, Y&S Inc. purchased a
Q88: Which of the following is a capital