Post by MS INYOFU (@theconscience)

ACCOUNTING HINT (TODAY)

Mistake: Depreciating land like other assets

Correct: Land is not depreciated (it does not wear out)

Example:
Land N5m no depreciation
Building on it - depreciate

Why: Land retains value, only buildings/equipment reduce over time

Do you separate land from depreciable assets?

ACCOUNTING HINT (TODAY) Mistake: Depreciating land like other assets Correct: Land is not deprecia...

0 likes · 0 comments · 0 shares