Land
- Land is a non-depreciable asset, as its value typically does not decrease over time.
- The cost of land includes the purchase price, closing costs, and any costs incurred to prepare the land for its intended use.
- Land is typically recorded at its historical cost and not adjusted for changes in market value.

Office Equipment
- Office equipment is a depreciable asset that is used in the day-to-day operations of a business.
- The cost of office equipment includes the purchase price, delivery and installation costs, and any other costs necessary to put the equipment into use.
- Office equipment is typically depreciated over its useful life, which is the period of time over which the equipment is expected to provide benefits to the business.
- Depreciation is usually calculated using methods such as straight-line depreciation or declining balance depreciation.

Machinery
- Machinery is another depreciable asset that is used in the production process of a business.
- The cost of machinery includes the purchase price, transportation costs, installation costs, and any other costs necessary to make the machinery operational.
- Machinery is also depreciated over its useful life, which is based on factors such as wear and tear, technological advancements, and obsolescence.
- Depreciation expense for machinery is recorded on the income statement and accumulated depreciation is reported on the balance sheet.

Vehicles
- Vehicles are depreciable assets that are used for transportation and delivery purposes in a business.
- The cost of vehicles includes the purchase price, taxes, registration fees, insurance, and any other costs associated with putting the vehicle into service.
- Vehicles are depreciated over their useful life, which is typically determined by factors such as mileage, age, and maintenance costs.
- Depreciation for vehicles is recorded in the same manner as office equipment and machinery, using appropriate depreciation methods.