A _________ is generally considered an appreciating asset because it may _________ in value over time.
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A land is generally considered an appreciate asset because it may increase in value over time .
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Explanation:
An asset is thing of “value or a resource” of value which has been converted into cash or money.
Appreciating assets are the assets whose price can increase and are typically purchased with understanding that its values should increase over time.
We know that price of land can increase with time. Nowadays the asset of lands is increasing with the urbanization.
From the question,
A land is generally considered an ‘appreciating asset’ because it may “increase in value over time.”
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