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| 1. |
Why dep is not charged on land???? |
| Answer» Yaaa depreciation is not charged on land because the value of land is not decrease by passing of time generally it\'s value get increase .So apreciation is charged on land.<br>Land\xa0is\xa0not depreciated\xa0because\xa0land\xa0is assumed to have an unlimited useful life. Other long-lived assets such asland\xa0improvements, buildings, furnishings, equipment, etc. have limited useful lives. Therefore, the costs of those assets must be allocated to those limited accounting periods.<br>Depriciation is not charged on land because the value of land is never decrease and always increase | |