banner_ad

Depreciation of land

319 views 2 replies
User Avatar

53 Points Posted on 06 December 2018
It is always said that land is a non depreciable asset ,but sometimes its value decreases,for example when airport is made near a land then the value of land decreases as people can not make multiple floor building on the land. so what is it's accounting treatment??
Reply Share Follow
On 06 December 2018 at 16:58 Report
Replies (2)
User Avatar

SEO Sai Gr. Hosp.
211624 Points Posted on 06 December 2018

Only capital Gains/loss when transfered; as its [non-depreciable] capital asset.

581 Reply
On 06 December 2018 at 19:52
User Avatar

Team Lead
7558 Points Posted on 07 December 2018
if you are carrying on business and showing land as an asset in your BS then any appreciation/depreciation will be realised as profit/loss when land is revalued
30 Reply
On 07 December 2018 at 08:18


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

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 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details