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.

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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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