Land is never depreciated. Another Question Go to Table of Contents 9b. As inventory is sold or used, it is transferred into a Cost of Goods Sold account or an Expense account. It is not depreciated. Another Question Go to Table of Contents 9c.
Equipment is a fixed asset.
Fixed assets, with the exception of Land, are depreciated. Another Question Go to Table of Contents 10a. This is a joke. Another Question Go to Table of Contents 10b. Another Question Go to Table of Contents 10c.