Which of the follow2Question1. Which of the follow2. Which of the following types of depreciation is relevant to real estate...? Economic depreciation Material depreciation Capital depreciation Unit-of-production depreciaing is considered a depreciable asset...? Land Buildings Personal use as...
1. Which of the follow2. Which of the following types of depreciation is
relevant to real estate...? Economic depreciation Material depreciation Capital
depreciation Unit-of-production depreciaing is considered a depreciable asset...?
Land Buildings Personal use assets Furniture
Answer & Explanation
Let's address each question separately:
1. Which of the following is considered a depreciable asset?
o Land: Land is not considered a depreciable asset because it does
not wear out, become obsolete, or get used up.
o Buildings: Buildings are considered depreciable assets because
they have a finite useful life and can lose value over time due to
wear and tear.
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