Why don't we depreciate land? What are land improvements? Why do we record land and land improvements

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Why don't we depreciate land? What are land improvements? Why do we record land and land improvements separately?

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 13, 2016 03:47 AM

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Why don't we depreciate land? What are land improvements? Why do we record land and land improvements

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We dont depreciate land because its service life never ends Land impro...View the full answer

Financial Accounting

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