banner_ad

Depreciation against lease hold land

AS 3682 views 3 replies

Dear all,

 

Please clarify me, How to calculate depreciation against lease hold land..

 

for.ex. land lease - Rs. 2,00,000,00/-,   for 50 years lease.

How much amount shown on P&L As depreciation...

Replies (3)

my opinion:

first of all, depreciation  won't come. However, if any contructions are made, for that structure depreciation can be claimed.

anyway, senior members'  posts are cordially awaited.

AS per GAAPs Lease hold lands Can be amortised for use full life of lease period so land can be amortised over 50 years on stright line method

remember as 19 is not applicable for land.. and there are two types of land free hold and leasehold.. for freehold land no need to amortised and for lease hold hand should be amortised over a period of life of agreement on SLM basis..

in your case , 2 crs land should be amortised in 50 years..


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details