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deduct deperection from land
true or false
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Answer / vijay ram.s
dear mahesh,u told the right answer but explaneshen is not
correct,bcz bulding is also immovable asset,but we prapare
depriciation on bulding
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anudeep
actually depreciation is not deducted from land.
but some unexpected markets may decrease the land value in
that case the loss is to be shown under the miscellaneous
expenditure head in balance sheet and its to be amortised
over the number of periods
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / dharmendra.ch(mancherial)
false
actually depericiation means loss on wearing & tearing of
an particular fixed asset ,
though the land is fixed asset no treatment of deperection
for land
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / zubair_glad24@yahoo.com
its false because there is no Deprection for land
Mohd Zubair
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ashish negi
False.
Depriciation is not depriciated with land. Land is
immovable and depriciation is only in fixed assests which
can be moved.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / barodianbuddy(acca)
According to IAS 16, Land is not depreciated.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / parvez alam
Land does not fall under depreciation, so it is false. Thanks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nilesh
land is immovable so on land can't be charge deperecation
dep charge only movable property
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / kavita dive
True, because land is fixed and depreciation charges is a
expenses. for loss and maintenance, deduction in land or any
other fixed assets.
| Is This Answer Correct ? | 0 Yes | 3 No |
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