Question

Which of the following fixed asset accounts is not depreciated?

1) Buildings
2) Office Equipment
3) Land
4) Store Equipment

Answer 1

Option 3) Land is the fixed asset account that is not depreciated, while Buildings, Office Equipment, and Store Equipment are depreciated over time.

Step-by-step explanation:

The fixed asset account that is not depreciated is Land.

Buildings, Office Equipment, and Store Equipment are all examples of fixed assets that are depreciated over time. Depreciation is the gradual decline in the value of an asset over its useful life.

However, Land is not subject to depreciation because its value is typically expected to appreciate over time or remain constant.