The long-term asset that is not depreciated or amortized is:
A)land improvement.
B)leasehold improvement.
C)office computers.
D)land.

Question

Quizplus · Accepted Answer

Land is a long-term asset that is not depreciated or amortized. This is because land has an indefinite useful life and its value is expected to either appreciate or remain stable over time. Land improvements and leasehold improvements, on the other hand, are usually depreciated over their useful lives, while office computers are typically amortized over their estimated useful lives.

The Long-Term Asset That Is Not Depreciated or Amortized Is