Interested to Buy Any Domain ? << Click Here >> for more details...
deduct deperection from land
true or false
- 21 Answers
- 22037 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suri
false,because depreciable assets are which (1) are expected
to be used during more than one accounting period and
(2)limited useful life and (3) are held by an enterprises
for use in the production of or supply of goods and services
for rental to others or for administrative purpose are not
in the sale of goods or services.
Land has unlimited life so we can't deduct depreciation from
land
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / suri
False Deprciation is only diminishing of limited life of assets
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / mahesh
Actually immovable assets are not able to be depriciated.
| Is This Answer Correct ? | 3 Yes | 2 No |
Land is a fix assets in a business
and land does not have any depreciation
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chandra
No Land is not depreciable asset.
However it is amortised over the period of lease.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / suraj
land is a fixed asset in a business but land does not have
any depreciation
| Is This Answer Correct ? | 1 Yes | 0 No |
what is equity share
Contrast bookkeeping and accounting
What is meant by partitioning?
what do you mean Provision for bad debit
As a Manufacturer we are paying service Tax on Inwards freight and the same amount we are taking as a credit against payment of Excise duty. So,Pls clarify how to pass JV
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
0 Answers Abradant International,
why bank interest comes in indirect exp. in accounting method? what it is the TDS?
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
What is LIFO and FIFO ?
Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?
How do you handle rejection?
Describe the proof of cash type of bank reconciliation?
Audit 
