What asset is not depreciated?

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Answer:

land

First answer by ID3517563645. Last edit by ID3517563645. Question popularity: 2 [recommend question].

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Is only fixed assets are depreciated?
YES good luck
Intangible assets are depreciated or not?
Intangible assets are subject to devaluation not depreciation.
Why plant assets needs to be depreciated?
Plant assets only have a limited usage and in order to calculate the life of an asset, you must depreciate the asset according to it's useful life minus salvage value.
When an asset is fully depreciated should the total accumulated depreciation for that asset?
After an asset is fully depreciated, the assets and accumulated depreciation accounts are zerod together in the beginning of the next accounting period. When an asset is fully depreciated but still...