Depreciation regarding land and building
This query is : Resolved
27 August 2023
whether depreciation on Land and Building is allowable in the condition
when Land first of all land purchased and then construction made on that land
when Land and Building purchased at he same time.
when Land first of all land purchased and then construction made on that land
when Land and Building purchased at he same time.
27 August 2023
No depreciation allowed on land when separately purchased.
Depreciation allowed when purchased together and land cost not seperable.
Depreciation allowed when purchased together and land cost not seperable.
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