Which of the following assets is not required to be depreciated/amortised?LandMachineryTrademarksMotor vehicles

To determine which of the listed assets is not required to be depreciated or amortised, we need to examine the characteristics of each asset type.

1. Land: Land is considered a non-depreciable asset. Unlike buildings and infrastructure, land does not have a finite useful life and typically appreciates in value over time. Therefore, it is not subject to depreciation.

2. Machinery: Machinery is a depreciable asset because it has a limited useful life and tends to lose value over time due to wear and tear.

3. Trademarks: Trademarks can be subject to amortisation if they have a definite useful life. However, if a trademark is considered to have an indefinite useful life, it would not be amortised but instead tested for impairment.

4. Motor vehicles: Like machinery, motor vehicles are also depreciable assets. They have a finite useful life and depreciate in value as they are used.

Conclusion

The asset that is not required to be depreciated or amortised from the provided list is Land.