land differs from other property because it is not subject to depreciation. true or false
land differs from other property because it is not subject to depreciation. true or false
Answer
Brief Explanations:
Depreciation is the allocation of the cost of an asset over its useful life. Land has an unlimited useful - life and does not wear out or become obsolete in the traditional sense like other properties (e.g., buildings). So, it is not subject to depreciation.
Answer:
True