Assets Can Depreciate Even If They Are Not Being Used

question 10

True/False

Assets can depreciate even if they are not being used in a business.

---

Definitions:

Line Wrench

A specialized wrench designed for gripping and turning pipes or fittings without slipping.

Tubing Fittings

Connectors used to join sections of tubing in hydraulic or pneumatic systems, ensuring leak-free connections.

Hydraulic Hoses

Flexible tubes designed to convey fluids from one location to another, used in various hydraulic systems.

Tang

The projecting part of an object by which it is attached to something else, often found in tools or components to provide a grip or a means of joining.