Which of the following fixed assets are always carried on the business books at the price paid for the asset,and cannot be depreciated?
A)machinery
B)equipment
C)store fixtures
D)land
E)buildings

Question

Quizplus · Accepted Answer

Land is always carried on the business books at the price paid for the asset and cannot be depreciated because its value generally appreciates over time.

Which of the Following Fixed Assets Are Always Carried on the Business