Tell me why depreciation is not charged on land?
Submitted by: AdministratorLand is such an asset whose value goes on increasing, unlike other assets whose value gets reduce over a period of time. depreciation is charged on assets so that when in future , asset will be replace we will have money to purchase new asset. But in case of land this not happens that is why depreciation is not hcarged on land
Submitted by: Administrator
Submitted by: Administrator
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