Accountancy, asked by gyash1982, 3 months ago

Can land depreciate in value? Explain your answer giving reasons​

Answers

Answered by drbchandrashekarshet
5

Answer:

The land asset is not depreciated, because it is considered to have an infinite useful life. Further, due to the scarcity of land, its value tends to increase over time, as opposed to the decline in value of most other types of fixed assets. ..

Answered by gbarman74
9

Explanation:

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