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who know the answer?does property include land?

This topic has 3 replies, 3 voices, and was last updated 13 years ago by gutsychyk.

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May 28, 2011 at 9:27 am #48684
antido
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the question is in the exam paper of 6/05 named Harrington.I got a little mixed up by the term PROPERTY.i think it should include the land,however it didnot.what a FUCK question!can anybody explain this?
May 29, 2011 at 8:41 am #82453
sids
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We’re all under pressure but It’s not wise to take out your frustration on questions?
You don’t depreciate land instead appreciate it. This is why we separate the two in property and land.
If this is what you wanted to know?
May 29, 2011 at 11:43 am #82454
antido
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First of all,thank u your reply and consolation
But i donnot think this what i want.I mean we always consider the PROPERTY as LAND+BUILDING,donnot we?
or else the property is just building itself?
May 29, 2011 at 12:00 pm #82455
gutsychyk
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in 99% times its Land and property/land and building, plus in information below financial statements in this harrington question, they told u abt land, dont u think that enough enough information to THINK that land was included.
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