Asked by Giovanni Montano on May 20, 2024
Verified
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.
Verified Answer
Learning Objectives
- Understand and apply the concept of depreciation and its impact on financial statements.
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