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Answer Posted / suri
false,because depreciable assets are which (1) are expected
to be used during more than one accounting period and
(2)limited useful life and (3) are held by an enterprises
for use in the production of or supply of goods and services
for rental to others or for administrative purpose are not
in the sale of goods or services.
Land has unlimited life so we can't deduct depreciation from
land
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