All property, plant and equipment A. including land have estimated useful lives over which they are...

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Question

All property, plant and equipment A. including land have estimated useful lives over which they are...

All property, plant and equipment

A. including land have estimated useful lives over which they are expected to generate revenue.

B. with finite lives including land are depreciated.

C. including land contributes to the generation of revenue.

D. are depreciated over their estimated useful lives including land.

business accounting

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Answer 1

Answer #1

Option (A) is correct

All property, plant and equipment including land have estimated useful lives over which they are expected to generate revenue.

Option (B) is incorrect as land is not depreciated.

Option (C) is incorrect as land is estimated to contribute to the generation of revenue.

Option (D) is incorrect as Land is not depreciated.

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Answer 2

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