Asked by Giovanni Montano on May 20, 2024

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Which of the following assets is not depreciated?

A) Store fixtures.
B) Computers.
C) Land.
D) Buildings.
E) Equipment.

Land

A natural resource that denotes the earth's surface not covered by water, as well as the rights to use this surface.

Store Fixtures

Permanent or movable equipment and furniture in a retail store, designed to display merchandise effectively.

Equipment

Tangible property or assets used in the operation of a business to carry out specific tasks, excluding inventory or assets intended for sale.

  • Understand and apply the concept of depreciation and its impact on financial statements.
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Verified Answer

DG
Danielle GauseMay 25, 2024
Final Answer :
C
Explanation :
Land is not depreciated because it has an indefinite useful life and its value is expected to appreciate over time.