In many places it is.
It is generally only in desirable regions whe land does not depreciate significantly.
Land is not subject to depreciation, depletion, or amortization.
In order to charge depreciation, we must know the expected life of the Asset. So in the case of Land, we cannot calculate the expected life of the land.
Property depreciation only done on building land is in nature of application
true
Not many would know the fact that Land differs from Field. there is no depreciation on Land but there is some kind of depreciation on Field or so i feel. Why is there no depreciation on Land when Land does decrease in value if we raise certain type of crops. i.e if we raise the crops of opium, most certainly the land will not be as suitable for raising rice as other lands. This will result in decrease in demand of that land and ultimately decrease in the price ( at least for a season). tariqmomand b.com student from city university peshawar.
Land is not subject to depreciation, depletion, or amortization.
Land is not subject to depreciation because value of land doesnot depreciate rather appreciate and nobody knows the exact disposal time of land.
Land is the only fixed asset which has no depreciation charge because land does not depreciate it's value.
In order to charge depreciation, we must know the expected life of the Asset. So in the case of Land, we cannot calculate the expected life of the land.
Property depreciation only done on building land is in nature of application
It is the decrease in the value of land and or buildings.
true
A depreciation calculator which is used to estimate the rate of depreciation of an asset such as a house, car or land can be found on several sites online such as 'CalculatorSoup', 'Homesales' and 'Online Calculators'.
Not many would know the fact that Land differs from Field. there is no depreciation on Land but there is some kind of depreciation on Field or so i feel. Why is there no depreciation on Land when Land does decrease in value if we raise certain type of crops. i.e if we raise the crops of opium, most certainly the land will not be as suitable for raising rice as other lands. This will result in decrease in demand of that land and ultimately decrease in the price ( at least for a season). tariqmomand b.com student from city university peshawar.
Alan P. Murray has written: 'Depreciation' -- subject(s): Depreciation allowances, Law and legislation
Intangible assets are subject to devaluation not depreciation.
R. F. Fowler has written: 'The depreciation of capital analytically considered' -- subject(s): Depreciation, Capital, Public utilities 'The depreciation of capital, analytically considered' 'Some problems of index number construction' -- subject(s): Index numbers (Economics) 'Duration of unempolyment on the register of wholly unemployed' -- subject(s): Unemployed