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Which Asset Cannot Be Depreciated?
Question: Which asset cannot be depreciated? A. Machinery and equipment B. Patents C. Land D. Furniture Answer: Land For the question of which asset cannot be depreciated, land is the correct answer. To know which asset cannot be depreciated? We should know what an asset is—a thing of value that
Top 3 Ways To Manage Your Budget Effectively
Effective budget management involves discipline, consistency, and periodic reassessment. By creating a comprehensive budget, actively tracking expenses, and prioritizing saving, you can better manage your finances, achieve financial goals, and reduce financial stress. Read Also:
What Is Unemployment Insurance?
Unemployment Insurance (UI) is a government-run program designed to provide financial assistance to individuals who have lost their jobs and meet certain eligibility criteria. It serves as a safety net, offering temporary financial support to help unemployed individuals meet basic needs while they search for new employment opportunities. UI is
What Are The Basic Areas Of Finance?
Finance is a multifaceted field that encompasses various fundamental areas, each serving a distinct purpose in managing and optimizing financial resources. The basic areas of finance include: These areas collectively contribute to understanding, managing, and optimizing financial resources in various contexts, be it corporate, institutional, or individual finance. Read Also:
What Is Personal Finance?
Personal finance refers to the management of an individual’s financial resources to achieve financial goals, secure a stable future, and make informed financial decisions. It involves budgeting, saving, investing, and managing debts to maximize financial well-being. At its core, personal finance encompasses various aspects: Effective personal finance management involves discipline,
What Are Assets? And Their Types
Assets are resources with economic value that an individual, company, or organization owns or controls, which can generate future benefits. They are essential components of financial statements, providing insight into an entity’s financial health and value. Assets are broadly categorized based on their nature and characteristics. Understanding the types of