Which of the following fixed asset is not depreciated in ordinary circumstances:
A) Plant and Machinery
B) Building
C) Land
D) Equipment
Correct Answer:
Verified
Q23: In depreciation calculation the life of an
Q24: Depreciable amount plus residual value of a
Q25: Cost of fixed asset minus accumulated depreciation
Q26: The estimate about useful life of a
Q27: XYZ has imported a machine from abroad.
Q29: In calculation of depreciation, all of the
Q30: Depreciation means
A)Depletion
B)Amortization
C)Saving of Cash
D)Reduction in the books
Q31: Provision for Depreciation is
A)An appropriation of profit
B)A
Q32: A machine is purchased at a cost
Q33: Depreciation of loose tools is provided by
A)Replacement
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