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

Answer: Land

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Which of the following assets is not depreciation? Which of the following is not true in regard to selling fixed assets ? a. Accumulated Depreciation will be credited. b. The journal entry is similar to discarding fixed assets . c. The cash receipt is recorded. d. If the selling price is more than the book value a gain is recorded. Which of the following plant assets is not depreciated? Land for site use Nash Co. reported a net income for the current year of $120 000 cash flow operating activities of $150 000 total average assets of $1 500 000 and paid dividends of $40 000 . Land is the only asset that is not depreciated. Economics teaches us that land is a scarce resource. Therefore land is not depreciated as demand will always outstrip supply. Depreciation is charged so that the true value of the asset is reflected. Assets that are prone to fall in value due to obsolescence war and tear etc are depreciated. 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. B) assets cost less accumulated depreciation A company purchased factory equipment...

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