Question
Which of the following assets is a non-depreciable
asset?Solution
Non-depreciable assets are those assets that do not lose their value over time and are not subject to depreciation expense. Land is a non-depreciable asset because it does not have a determinable useful life. The cost of land is not subject to depreciation, although improvements made to the land may be depreciable. One may have confusion regarding patent, to clarify patents are generally amortized over their useful life, which is the period over which the patent is expected to provide economic benefits. The amortization expense is recognized as an operating expense on the company’s income statement and is used to allocate the cost of the patent over its useful life.
The Space Force ______________two successful verification flights before allowing the Vulcan rocket ____________national security payloads.
Each question below has a blank, indicating that something has been omitted. Choose the word for the blank that best fits the meaning of the sentence a...
Directions: In each of the following sentences, a blank is given. Choose the most appropriate option from the provided choices to fill in the blank and...
Fill in the blank with the most appropriate word.
No wonder the burglars are at large. The police is in ______ with them.
My austere father used to __________ all inessential comforts and luxuries.
This is the first economic survey after the Goods and Services Tax (GST) was ________ last year.
(A) discussed      (B) implemented...
Fill in the blank with the most appropriate word.
A good novelist should be ______ to appeal to the readers' sentiments.
Once transportation across long distances made other vegetables easily available, we ______ what was available in our backyards.
If sunlight will not come for days together, it will cause lot of health problems.
Directions : In each of the following questions a sentence is given with one blank. You have to fill the blank with one of the words given as options i...
