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Deprication all hurt this name my ouestion is that if we buy any product then on that we put deprication charge but on land we never hurt that there is deprication charge why

Posted by Shubham Verma 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Anubhuti Srivastava 6 years, 7 months ago

Because land is not a depreciated item. It is an appreciated item. We charge depreciation on those items only whose values decreases year after year. But in case of land, its value increases year after year, so we not charge depreciation at this item.

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