[Answer] Which of the following assets is not depreciation?

Answer: Land

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Which of the following assets is not depreciation? Janet owns land that she uses in her business. Which of the following statements is correct regarding the land? A. The land is classified as personal-use property and it can NOT be depreciated because it is not a business asset B . The land is classified as real property and it can be depreciated because it is a business asset C . Which of the following is not one of the most common depreciation methods? a. Double-declining-balance method b . Sum-of-the-years-digits method c . Units-of-activity method … Barbara's Bakery purchased three new assets during the prior year. She chose NOT to use Section 179 to immediately expense the assets and she elected NOT to use bonus depreciation. She purchased furnishings for $15 000 in April equipment for $6 000 in July and appliances for $40 000 in November. Which of the following is not a required disclosure about each major class of capital assets ?-Beginning-of-year and end-of-year balances showing accumulated depreciation separate from historical cost.-Capital acquisitions and sales or other dispositions during the year showing the date and method of acquisition or disposition. Which of the following is not true regarding depreciation? a. depreciation is an allocation not a valuation method. b . depreciatio...

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