Depricaition

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Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2012 can land be depricaited

Shashank (Expert)
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05 April 2012 Not at all. Land is not a depreciable asset.

Murtaza I Bhagat (Expert)
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05 April 2012 yes agreed,

you cannot charge depreciation on land

CA Rakesh Goenka (Expert)
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05 April 2012 we can,t provide depreciation on land because we can,t estimate fixed life of land

Message likes : 1 times

CA Siddhartha Bhardwaj (Expert)
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06 April 2012 Land is NOT a depreciable asset and accordingly depreciation CANNOT be charged on land.

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