State with reasons, whether the following statements are true or false: (e) Land is also a depreciable asset.
CA Foundation · Accounting · RTP · September 2025
State with reasons, whether the following statements are true or false: (e) Land is also a depreciable asset.
Suggested Answer and Working Notes:
False: Land is not a depreciable asset because its useful life is not limited to few years.
Topics: True/False
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