The long-term asset that does not depreciate or amortize is:
A)land improvement.
B)leasehold improvement.
C)furniture and fixtures.
D)land.

Name: The long-term asset that does not depreciate or amortize is: A)land improvement. B)leasehold improvement. C)furniture and fixtures. D)land.
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Question

Quizplus · Accepted Answer

Land is a long-term asset that does not depreciate or amortize because it has an indefinite life and does not wear out or lose value over time.

The Long-Term Asset That Does Not Depreciate or Amortize Is