Which of the following fixed assets is not depreciable?
Answer Details
Land is the fixed asset that is not depreciable. Land is considered a fixed asset because it is a long-term asset that a company holds for its operations or future use. However, land does not have a limited useful life and its value is not expected to decline over time, therefore, it cannot be depreciated. Buildings, tools, motor vans, and furniture are examples of fixed assets that are depreciable because they have a limited useful life and their value decreases over time.