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Why dep is not charged on land????

Posted by Vaibhav Aggarwal 7 years ago

CBSE > Class 11 > Accountancy

3 answers

Khushboo ?? 7 years ago

Yaaa depreciation is not charged on land because the value of land is not decrease by passing of time generally it's value get increase .So apreciation is charged on land.

Gaurav Seth 7 years ago

Land is not depreciated because land is assumed to have an unlimited useful life. Other long-lived assets such asland improvements, buildings, furnishings, equipment, etc. have limited useful lives. Therefore, the costs of those assets must be allocated to those limited accounting periods.

Harshit Goyal 7 years ago

Depriciation is not charged on land because the value of land is never decrease and always increase

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