Which of the Following Assets Is Not Depreciated

question 79

Multiple Choice

Which of the following assets is not depreciated?

• A) Land.
• B) Buildings.
• C) Equipment.
• D) Store fixtures.
• E) Computers.

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Definitions:

Certified Cheque

A bank-endorsed cheque that confirms the drawer has sufficient funds in their account to cover the cheque's amount.

Bill Of Exchange

A written, unconditional order by one party directing another party to pay a fixed sum of money to a third party on demand or at a set time.

Accepted

Accepted refers to the express or implied approval or agreement to the terms of an offer, thereby creating a binding contract between the parties involved.

Bills Of Exchange Act

Legislation that governs the creation, transfer, and the rights and obligations involved in bills of exchange, widely used in international trade and finance.