Land is depreciated:
A)straight line over 27.5 years if they're residential.
B)using MACRS.
C)straight line over 31.5 years for all property.
D)Land is never depreciated.

Name: Land is depreciated: A)straight line over 27.5 years if they're residential. B)using MACRS. C)straight line over 31.5 years for all property. D)Land is never depreciated.
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Question

Quizplus · Accepted Answer

Land is a non-depreciable asset. Its value does not deteriorate over time and therefore cannot be depreciated.

Land Is Depreciated