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can we depreciate land &building and whats the rate of
dereciation
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Answer Posted / parveen
land can never be depreciated but if land and building are
shown together and if they are seprable then we can
depreciate the building at 10% and we can not depreciate the
land .
but if they are unseprable then we will depreciate the
combined amount at prescribed rate.
| Is This Answer Correct ? | 11 Yes | 1 No |
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