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WAEC Financial Accounting 1996 Question 4

Question 4

Depreciation

Which of the following fixed assets is not depreciable?

  1. A.Building
  2. B.Tools
  3. C.Land
  4. D.Motor van
  5. E.Furniture
Show the answer and explanation

Answer: C (Land)

Explanation

Land does not wear out or get used up, so it is normally not depreciated.