Accountancy, asked by jha3110, 10 months ago

the useful life of land is​

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Answered by noorishahmed
2

Answer:

Land is not depreciated because land is assumed to have an unlimited useful life. Other long-lived assets such as land improvements, buildings, furnishings, equipment, etc. have limited useful lives. ... Since land's life is not limited, there is no need to allocate the cost of land to any accounting periods.

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