Interested to Buy Any Domain ? << Click Here >> for more details...
deduct deperection from land
true or false
- 21 Answers
- 21467 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suri
false,because depreciable assets are which (1) are expected
to be used during more than one accounting period and
(2)limited useful life and (3) are held by an enterprises
for use in the production of or supply of goods and services
for rental to others or for administrative purpose are not
in the sale of goods or services.
Land has unlimited life so we can't deduct depreciation from
land
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / suri
False Deprciation is only diminishing of limited life of assets
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / mahesh
Actually immovable assets are not able to be depriciated.
| Is This Answer Correct ? | 3 Yes | 2 No |
Land is a fix assets in a business
and land does not have any depreciation
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chandra
No Land is not depreciable asset.
However it is amortised over the period of lease.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / suraj
land is a fixed asset in a business but land does not have
any depreciation
| Is This Answer Correct ? | 1 Yes | 0 No |
any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases
how did prepare the trail balance & profit & loss A/c and balance sheet
I am working in govt. sec. How to make journal entry in books for Fix Deposit
what are the voucher entries of gratuity in tally
what is deprisiation?what is upprisiation?what is bill receable and payable
what is entry of loan & Advance given to Client Rs. 4 crore @ 3% per month for one year,Interest Recievable,Interest Recd.
Meaning of tax invoice
When the closing stock will be reflected in trial balance & at what value
DIFFERNCE BETWEEN RESERVE AND FUND?
Non-performing Asset (NPA)
question paper pattern of factset
WHAT IS MONTH END CLOSING? AND WHAT YOU DO IN MONTH END CLOSSING PROCESS?
Audit 
