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Depreciation of Land and Buildings ...

LLeila11y ago
Hi Guys, If in a question there is land and buildings that need depreciating and they have separated land in brackets, do you minus land from the total then depreciate or depreciate land and buildings as one? Cheers, Leila
MikeLittleMikeLittleTutor11y ago#1
Land doesn't depreciate! So separate land from buildings and then calculate depreciation on the building element alone Ok?
LLeila11y ago#2
Perfect! thanks for your help :-)
MikeLittleMikeLittleTutor11y ago#3
You're welcome
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