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Why dep is not charged on land????

Posted by Vaibhav Aggarwal 5 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Khushboo ?? 5 years, 4 months 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.

3Thank You

Gaurav Seth 5 years, 4 months 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.

1Thank You

Harshit Goyal 5 years, 4 months ago

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

1Thank You

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CBSE > Class 11 > Accountancy