can we depreciate land &building and whats the rate of
dereciation
- 3 Answers
- 17419 Views
- I also Faced
- E-Mail Answers
Answer Posted / paresh gupta
land can never be depreciated.
As per accounting standard 6 "depreciation
accounting"issued by Institute for chartered accountant of
india.the following assets cannot be depreciated
1.natural resources
2.goodwill,and other intangible asset(covered under
accounting standard 26)
3.an asset which has infinite life.
4.any investments
query regarding depreciation of land can be solved as land
has an infinite life.
| Is This Answer Correct ? | 14 Yes | 1 No |
Post New Answer View All Answers
What are the different advantages and disadvantages of internal audit?
while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?
Why a company or firm should carry out the audit related work.
i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.
what is the difference you can make by doing your course in the country of your choice
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
What are the essential of internal audit?
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
What do you know about KPMG?
How does an internal audit differ from an external audit?
What is CARO 2003? What do you mean by management audit?
why auditors are not true and faire statement of account
i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??
please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U
i want question papers audit staff selection examination
