Buildings,vehicles,and desks are:
A)amortized.
B)depleted.
C)depreciated.
D)expensed.

Question

Quizplus · Accepted Answer

Buildings, vehicles, and desks are long-term assets that lose value over time due to wear and tear, obsolescence, and other factors. To account for this loss in value, they are depreciated, which is a method of allocating the cost of an asset over its estimated useful life. Amortization is a similar concept, but it typically applies to intangible assets like patents or copyrights. Depletion is another term related to the depletion of natural resources like oil or timber. Expensing refers to the immediate recognition of the cost of an asset as an expense rather than capitalizing it and depreciating it over time.

Buildings,vehicles,and Desks Are