Which of the following is an example of a wasting asset?
A) timber
B) land
C) equipment
D) building

Question

Quizplus · Accepted Answer

A wasting asset is an asset that has a limited lifespan or loses value over time. Timber is an example of a wasting asset as it can only be harvested during certain stages of its growth and eventually decays or is used up. Land, equipment, and buildings can appreciate in value over time and are not considered wasting assets.

Which of the Following Is an Example of a Wasting