Which statement concerning depreciation is false? a.The only property that has a determinable life is depreciable. B.Land is not depreciable. C.Intangible assets' capital costs are recovered through amortization, much like depreciation. D.Personal property converted to business use is not depreciable since it was once used for personal purposes.
Which statement concerning depreciation is false? a.The only property that has a determinable life is depreciable. B.Land is not depreciable. C.Intangible assets' capital costs are recovered through amortization, much like depreciation. D.Personal property converted to business use is not depreciable since it was once used for personal purposes.
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 9DQ
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Which statement concerning depreciation is false?
a.The only property that has a determinable life is depreciable .
B.Land is not depreciable.
C.Intangible assets' capital costs are recovered through amortization, much like depreciation.
D.Personal property converted to business use is not depreciable since it was once used for personal purposes.
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