land
Tangible fixed assets with an infinite life such as land do not need to be depreciated.
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
That can never happen. An asset will either be depreciated to its salvage value, or to zero, depending on whether or not it has a salvage value.
Is an asset that has equalled its original cost
land
Tangible fixed assets with an infinite life such as land do not need to be depreciated.
Land is the only fixed asset which is not depreciated because land never depreciates or wear and tear occur rather it always appreciates.
Depreciated. It is a improvement!
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
Tangible assets normally are long term capital assets, but could be short term. Some long term tangible assets can be depreciated while others can not. For example a building or piece of equipment is a tangible long term asset that can be depreciated for financial and tax purposes. Land is also a tangible asset, but can not be depreciated.
That can never happen. An asset will either be depreciated to its salvage value, or to zero, depending on whether or not it has a salvage value.
no
No. It's not necessary
The use of good English grammar.
There is no depreciation on the Land while the Buidling could be depreciated based on management assessment for the useful life unless the Buildin under capital or operation lease agreements.
Is an asset that has equalled its original cost