Tangible personal property is depreciated but real property is not depreciated.

Name: Tangible personal property is depreciated but real property is not depreciated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both tangible personal property and real property can be depreciated, but the methods and life spans used for depreciation differ. Tangible personal property (like machinery or equipment) depreciates over a shorter period, while real property (like buildings) is depreciated over a longer period.

Tangible Personal Property Is Depreciated but Real Property Is Not