What elements must be present when determining if an asset is a depreciating asset?

$($Select more than one, if appropriate.$)$

Question $5$Answer

a$.$

An asset that can reasonably be expected to decline in value over time

b$.$

An asset that holds its value for a period of time or increases in value for a period

c$.$

An asset that has a limited effective life

d$.$

A fixture that completely loses its value