Answered Questions

  • Depreciation

    Why depreciation is not charged on land?

    nabasmita bordoloi

    • Feb 28th, 2014

    Depreciation refers decrease the value of tangible fixed assets due to wear and tears, technology obsolesces , passes of time etc. but land is a tangible asset which value never decreases. land value is always appreciated.

    Dasrath

    • Aug 11th, 2013

    Depreciation in known as gradual decline in the usable value of the asset due to various factors i.e technological changes etc.