All tangible assets including land have a limited useful life,and the costs of these assets must be distributed as expenses over the years they benefit.

Name: All tangible assets including land have a limited useful life,and the costs of these assets must be distributed as expenses over the years they benefit.
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Question

Quizplus · Accepted Answer

Land is considered to have an indefinite useful life and is not depreciated, unlike other tangible assets which are depreciated over their useful life.

All Tangible Assets Including Land Have a Limited Useful Life,and