Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Can you kindly name any Fixed Asset that doesn't "Depreciate"?

user-image
Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/08/09
Waseem ahmad Buth
by Waseem ahmad Buth , Process executive , cognizant

Land is the only fixed asset that don't depreciate.

Asad Ahmed
by Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

"Land" is also comes in the Fixed Assets but the depreciation is not apply on the land.

Faheem Mohammed
by Faheem Mohammed , Accounts & LC Officer , Labab Works Contracting Co. Ltd

Land is the answer.........................

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Land is the asset which doesn't depreciate.

Yusuf Ogunshola
by Yusuf Ogunshola , Accountant , TECHNIXS ENERGY SERVICES LTD

Land................................................................................

Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

All fixed assets depreciate except land.

So, land is the answer for your question

   

Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

The Land ------------------

Mohammed Ibrahim AlAgroud
by Mohammed Ibrahim AlAgroud , Credit Supervisor , Sulfah Financing Company

LAND is the fixed assets which is not depreciate. 

Md. Moshiur Rahman Sumon
by Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

Land is the perfect Fixed Assets on which depreciation does not applied .Moreover at the end of any specified period it would have valued considering  the market value.

Ansary Masacal, CPA
by Ansary Masacal, CPA , State Auditor II , Commission On Audit

The answer is Land... it wouldn't depreciate instead price appreciate

 

Mustafa Haider
by Mustafa Haider , Assistant Manager Accounts , Kamal Hosiery Mill

LAND IS FIXED ASSET THAT IS NOT DEPRECIATED or any non current asset that recognised as  held for sale cannot be depreciated untill no longer meet criteria of IFRS5

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.