Interested to Buy Any Domain ? << Click Here >> for more details...
deduct deperection from land
true or false
- 21 Answers
- 22041 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijay ram.s
dear mahesh,u told the right answer but explaneshen is not
correct,bcz bulding is also immovable asset,but we prapare
depriciation on bulding
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anudeep
actually depreciation is not deducted from land.
but some unexpected markets may decrease the land value in
that case the loss is to be shown under the miscellaneous
expenditure head in balance sheet and its to be amortised
over the number of periods
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / dharmendra.ch(mancherial)
false
actually depericiation means loss on wearing & tearing of
an particular fixed asset ,
though the land is fixed asset no treatment of deperection
for land
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / zubair_glad24@yahoo.com
its false because there is no Deprection for land
Mohd Zubair
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ashish negi
False.
Depriciation is not depriciated with land. Land is
immovable and depriciation is only in fixed assests which
can be moved.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / barodianbuddy(acca)
According to IAS 16, Land is not depreciated.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / parvez alam
Land does not fall under depreciation, so it is false. Thanks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nilesh
land is immovable so on land can't be charge deperecation
dep charge only movable property
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / kavita dive
True, because land is fixed and depreciation charges is a
expenses. for loss and maintenance, deduction in land or any
other fixed assets.
| Is This Answer Correct ? | 0 Yes | 3 No |
What is LIFO and FIFO ?
In which expense we book the expense related to certification of ISO 9001 certificate & consultant fee.
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
defference between capital assets and fixed assets
what is the difference between shares and debentures
Do you know what is balance sheet?
What are the steps to take before you approve an invoice for payment?
What account payable entry
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
how to pass entry of petty cash in tally 7.2
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
What is Contra entry
Audit 
