Question：Which of the following assets will not normally be subject to depreciation or amortisation?
　　A. Motor vehicles purchased under hire purchase agreements.
　　B. A trademark purchased during the period.
　　C. Freehold land used as hard standing for vehicles.
　　D. Leasehold office premises which have been r*ued at open market value; the market value exceeds the carrying value of the asset brought forward, and the r*uation has been incorporated in the latest financial statements.
　　The correct answer is: Freehold land used as hard standing for vehicles.
　　Freehold land does not normally require a provision for depreciation unless it is subject to depletion by, for example, the extraction of minerals. Buildings, however, do have a limited useful life and should be depreciated like other non-current assets. Note that it is not appropriate to omit charging depreciation of an asset on the grounds that its current market value is greater than its carrying value. If the r*ued figure is incorporated in the financial statements, then an increased charge for depreciation will be necessary. The trademark is an intangible asset and so is subject to amortisation.