Three examples of the kinds of tangible assets for which depreciation deductions are not available. ___...

Three examples of the kinds of tangible assets for which depreciation deductions are not available.

In addition, give three examples of the kinds of intangible assets for which amortization deductions are not available.

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Expert Solution

Three examples of the kinds of tangible assets for which depreciation deductions are not available.
1	Land.
2	Current assets such as cash in hand, receivables, stocks etc
3	Investments such as securities , bonds etc.
4	Personal property which are not used for business.
5	Collectibles such as memorabilia, art and coins.


Three examples of the kinds of intangible assets for which amortization deductions are not available.
1	Goodwill is an intangible asset that is not amortized, but is instead tested for impairment on an annual basis.
2	Renewable Franchises : The cost of these assets is not expensed unless it can be shown that there has been an impairment in value.
3	Trademark : The cost of these assets is not expensed unless it can be shown that there has been an impairment in value.

ekkarill92 answered 1 year ago

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