the useful life of land is
Answers
Answered by
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.
Explanation:
please mark as brainliest answer
Similar questions