Question

define land .
in 190 word
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Answer 1

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Land, in the business sense, can refer to real estate or property, minus buildings, and equipment, which is designated by fixed spatial boundaries. Land ownership might offer the titleholder the right to any natural resources that exist within the boundaries of their land. Traditional economics says that land is a factor of production, along with capital and labor. The sale of land results in a capital gain or loss. Under Internal Revenue Service (IRS) tax laws, land is not a depreciable asset and qualifies as a fixed asset instead of a current asset.