Fixed assets
This query is : Resolved
kuldeep sharma
(Querist)
22 September 2013
land is not a fixed assets but many ca take it on the fixed assets where should I take it on the balance sheet
Nikhil Kaushik
(Expert)
23 September 2013
Land very much form part of the fixed asset block - though no depreciation is applied to it.
CA Pallav Singhania
(Expert)
23 September 2013
Land is a fixed asset, however its life isn't certain and treated as Non-Depreciate Fixed asset...
That's why No depreciation is charged on Land..
That's why No depreciation is charged on Land..
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