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+--- Thread: Question: Why isn't Depreciation Charged on Land? (/showthread.php?tid=9373)
Question: Why isn't Depreciation Charged on Land? - salman khan - 01-11-2011
Assalaam 0 Alaikum,
my name is Agha Salman Khan and im student of bba(hons)..
i want to ask a question about depreciation..
Question is "Why we are not charging depreciation on land" ??
- Salmancert - 01-11-2011
Depreciation is charged on Items whose value and itself diminishes over time. whereas a land is lost over time. It is there as it was for a 100 years. and its value also remains same if not increases over time.
hope this solved your concern