Read the list of Depreciable Items below. Select at least three items from the l

Question

Read the list of Depreciable Items below. Select at least three items from the list that might not have occurred to you as things a business would depreciate and explain why a business might be allowed to depreciate them.

Agricultue: Agricultural machinery and equipment, Breeding or dairy cattle,fences, grain bins, orchard

Manufacturing: Asset used to manufacture the following finished products: apprarel, packaging, textiles wood and furniture, rubber, plastic, glass- special tools, food and beverage- special handling devices

Minerals: Assets used in mining and quarrying of metallic and nonmetallic minerals

Office related: office furniture, cellular phones and tax machines, computers and peripheral equpment, computer software

Real property: land improvements

Transportation: airplanes, automobiles, taxis,...

Explanation / Answer

Breeding or dairy cattle: Depreciation will notnbe charged on these as these are living things and depreciation is not charged on living things. Assets used in mining and quarryingqofometallicmand non-metallic minerals: These items are depleted over the time period and depreciation is not charged on them as they are not categorised under fixed assets. Land improvements: These items are not considered under the head of fixed assets and hence dereciation is not charged on themt

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.