Interested to Buy Any Domain ? << Click Here >> for more details...
can we depreciate land &building and whats the rate of
dereciation
- 3 Answers
- 18701 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 is the role of internal audit?
What is external audit?
central excise all question
Explain the importance of internal audit to the organization?
what is the difference you can make by doing your course in the country of your choice
what audit procedure i can do in the share capital account of a company and why it have been apply?
How can i disable closing stock in trial balnce in tally?
Explain the basic principles of an internal audit controlsystem?
Do you know what are the reasons for getting audited?
Explain how to do an internal audit effectively?
What is the purpose of meeting in audit?
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
Why you want to be a auditor?
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...??
How to do an internal audit effectively?
