Question 28 (3 points) Land is not depreciated because it appreciates in value. does not have an established depreciable life. Ohas a useful life that is limited to the period of time a company is in business. does not lose utility. Question 29 (3 points) Billot, Inc. has $8,000 in cash, $19,450 in accounts receivable, and $19,500 in inventory. If current liabilities are $14,350, then the quick ratio will be closest to 5.0 O3.3 2.0 1.2 Question 30 (3 points) Which of the following is an intangible asset? Oil O Goodwill O Retained Earnings Accounts Receivable