Which of the following assets is never expensed on the Statement of Income?
A)land
B)building
C)inventory
D)equipment

Name: Which of the following assets is never expensed on the Statement of Income? A)land B)building C)inventory D)equipment
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Land is a non-depreciable asset, meaning it doesn't lose value over time, and therefore is not expensed on the Statement of Income. Buildings, inventory, and equipment are all depreciable assets and are expensed on the Statement of Income over time.

Which of the Following Assets Is Never Expensed on the Statement