Asset | Related expense account |
---|---|
Land (freehold) | None |
Land (leasehold) | Depreciation |
Buildings | Depreciation |
Furniture & fixtures | Depreciation |
Machinery | Depreciation |
Vehicles | Depreciation |
Land improvements | Depreciation |
Natural resources | Depletion |
Intangibles (with finite useful lives) | Amortization |
Intangibles (with indefinite useful lives) | None |