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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.
What else can I help you with?
Can Land be depreciated?
Land cannot be depreciated.
What asset is not depreciated?
land
Which tangible fixed assets would not normally be depreciated?
Tangible fixed assets with an infinite life such as land do not need to be depreciated.
How do you classify assets?
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.
Can an asset be depreciated to the point where its value becomes negative?
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.
Can Land be depreciated?
Land cannot be depreciated.
What asset is not depreciated?
land
Which tangible fixed assets would not normally be depreciated?
Tangible fixed assets with an infinite life such as land do not need to be depreciated.
A fixed asset that is not depreciated?
Land is the only fixed asset which is not depreciated because land never depreciates or wear and tear occur rather it always appreciates.
Should a garbage grinder be depreciated or expensed?
Depreciated. It is a improvement!
How do you classify assets?
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.
How do you classify tangible assets?
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.
Can an asset be depreciated to the point where its value becomes negative?
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.
What is under depreciated?
The use of good English grammar.
Capitalized lease depreciated by the lessee?
No. It's not necessary
Is it a law that insurance companies pay depreciated value?
no
Do lands and buildings depreciate at the same rate?
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.
