Multiple Choice
If an airplane jet engine which is kept in inventory to be used during maintenance operations or for a replacement,is treated as a tangible asset,which of the following statements is true?
A) It is never subject to depreciation.
B) It is subject to an annual depreciation expense even before being brought into operational use.
C) It is subject to an annual depreciation expense only when it is brought into operational use.
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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