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Fixed assets

This query is : Resolved 
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(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
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 September 2013 Land very much form part of the fixed asset block - though no depreciation is applied to it.
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CA Pallav Singhania

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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..
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