Which of the following is not a negative element under the "capital assets, tangible" classification?
A) Accumulated depletion of mineral-bearing property.
B) Accumulated depreciation of paved parking lot.
C) Accumulated depreciation of buildings.
D) Reserve for plant expansion.

Question

Quizplus · Accepted Answer

A reserve for plant expansion is not a negative element under the "capital assets, tangible" classification, as it represents a future investment and does not decrease the value of the assets. The other options (accumulated depletion, accumulated depreciation) all represent decreases in the value of the assets.

Which of the Following Is Not a Negative Element Under