1. The longminusterm asset that does not depreciate or amortize is:

A. leasehold improvement.

B. land.

C.land improvement.

D.furniture and fixtures.

2. ABC Company purchased land with an old building that they plan on demolishing so that they can construct a new, modern building. The cost of demolishing the building will be part of the cost of the:

A.old building.

B.land improvements.

C.new building.

D.land.