Financial and Management Accounting

1:

Choose the correct statement:

A.
According to AS - 6, depreciation is to be provided on land
B.
According to AS - 6, depreciation is not to be provided on land under any situation
C.
According to AS - 6, depreciation is not to be provided on land unless it has a limited useful life for the enterprise
D.
AS - 6 is silent on the question of providing depreciation on land
 

Answer : C

Explanation :

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Option: A

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