Which of the Following Assets Is Not Subject to Depreciation,depletion,or

question 42

Multiple Choice

Which of the following assets is not subject to depreciation,depletion,or amortization?

• A)Land improvements,such as parking lots and fences
• B)Gas fields
• C)Land
• D)Patents

Comprehend the hierarchy of needs as proposed by Maslow and its relevance to workplace motivation.

Recognize the roles and responsibilities involved in job analysis and its significance in compensation strategy.

Evaluate current compensation practices and the criteria for their success.

Identify the characteristics of effective compensation systems and their alignment with organizational goals.

---

Definitions:

Useful Life

The estimated period that an asset is expected to be useful for the purpose it was acquired by the company.

Declining-Balance Method

Depreciation method that applies a constant rate to the declining book value of the asset and produces a decreasing annual depreciation expense over the useful life of the asset.

Accelerated Depreciation

A method of depreciation that allows larger depreciation expenses in the early years of an asset's life and smaller expenses in the later years.

Useful Life

The estimated period over which a fixed asset is expected to be usable by a company, influencing depreciation calculations.