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Identify the item below where the terms are not related O Oildepletion O Equipment-depreciation O - Patents-amortization Landdepreciation
Identify the item below where the terms are not related O Oildepletion O Equipment-depreciation O - Patents-amortization Landdepreciation
Expert Solution
ANSWER :LAND - DEPRECIATION
LAND CAN NEVER BE DEPRECIATED
EXPLANATION:
IF THERE IS DECLINE IN THE OIL PRODUCTION OF A WELL IT IS SAID TO BE DEPLETED
INTANGIBLE ASSETS ARE AMORTISED
EQUIPMENT, FURNITURE AND FIXTURES ARE DEPRECIATED
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