All of the following statements are false regarding depreciation except
A)depreciation is an asset valuation process.
B)depreciation does not apply to land improvements.
C)recognizing depreciation results in the accumulation of cash for asset replacement.
D)depreciation does not apply to land.

Question

Quizplus · Accepted Answer

Depreciation does not apply to land because land typically does not lose value over time like other tangible assets.

All of the Following Statements Are False Regarding Depreciation Except