Which of the following assets does NOT decline in service potential over the course of its useful life?
A) equipment
B) furnishings
C) land
D) fixtures

Name: Which of the following assets does NOT decline in service potential over the course of its useful life? A) equipment B) furnishings C) land D) fixtures
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Question

Quizplus · Accepted Answer

Land typically does not depreciate because it does not wear out, become obsolete, or get used up. Unlike buildings and equipment, the value of land generally remains stable or increases over time.

Which of the Following Assets Does NOT Decline in Service