Which Statement Concerning Depreciation Is Not True

question 25

Multiple Choice

Which statement concerning depreciation is not true?

• A)Only property that has a determinable life is depreciable.
• B)Deductions for depreciation must be claimed for the year when the depreciation occurred or they will be forfeited.
• C)Personal property converted to business use is not depreciable since it was once used for personal purposes.
• D)Land is not depreciable.

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Definitions:

Indian Ocean

The third largest ocean in the world, bounded by Africa to the west, Asia to the north, Australia to the east, and the Southern Ocean to the south.

Fault Strength

A measure of how resistant a fault is to movement or slip under tectonic stresses.

Stress Decreases

Refers to the reduction in the force per unit area exerted on a material or structure.

Stress Consistently

implies the continuous application or presence of force on an object or material over a period of time.