menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 5
  4. Exam
    Exam 10: Long-Term Assets
  5. Question
    Land Is Not Subject to Depreciation Because It Has an Unlimited
Solved

Land Is Not Subject to Depreciation Because It Has an Unlimited

Question 3

Question 3

True/False

Land is not subject to depreciation because it has an unlimited life. This means that items which increase the usefulness of the land such as parking lots are not depreciated.

Correct Answer:

verifed

Verified

Related Questions

Q1: Ordinary repairs:<br>A) Are expenditures to keep an

Q2: Natural resources:<br>A) Include standing timber, mineral deposits,

Q4: Depreciation is higher and income is lower

Q5: The owner of 2am Dessert Bar understands

Q6: Cambria owns equipment that cost $93,500 with

Q7: Ordinary repairs are expenditures that keep assets

Q9: Depletion:<br>A) Is the process of allocating the

Q10: _ are additional costs of property, plant

Q90: An asset's cost includes all normal and

Q216: What are the general accounting procedures for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines