What element must be present when determining if an asset is a depreciating asset? a. An asset that holds its value for a period of time or increases in value for a period. b. An asset that has a limited effective life. c. A fixture that completely loses its value. d. An asset that cannot reasonably be expected to decline in value over time.
What element must be present when determining if an asset is a depreciating asset? a. An asset that holds its value for a period of time or increases in value for a period. b. An asset that has a limited effective life. c. A fixture that completely loses its value. d. An asset that cannot reasonably be expected to decline in value over time.
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 4DQ
Related questions
Question
- What element must be present when determining if an asset is a
depreciating asset?
a. |
An asset that holds its value for a period of time or increases in value for a period. |
|
b. |
An asset that has a limited effective life. |
|
c. |
A fixture that completely loses its value. |
|
d. |
An asset that cannot reasonably be expected to decline in value over time. |
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