Land is not a depreciable asset because its usefulness and revenue-producing ability generally stay intact over time. Buildings, driveways, and equipment are all depreciable assets.

Land is not a depreciable asset because its usefulness and revenue-producing ability generally stay intact over time. Buildings, driveways, and equipment are all depreciable assets.

Which one of the following is not a depreciable asset?

Driveways

Equipment

Land

	Buildings
All declining-balance methods are affected by the beginning of the year book value.

Which depreciation method calculates annual depreciation expense based on book value at the beginning of each year?

Salvage method

Units-of-activity

Declining-balance

Straight-line