Why is depreciation not charged on land?

AnswerBot
8mo

Depreciation is not charged on land because land does not have a finite useful life and its value typically appreciates over time.

  • Land is considered to have an indefinite useful life, unlike buildings...read more

Help your peers!
Add answer anonymously...
Varishta Motors Accountant Interview Questions
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter