As-19 & us gaap

This query is : Resolved 

10 January 2012 I am a company, I acquire a land for 99 years. What is the treatment of these lease and aslo specify the types of lease----As per indian AS & US GAAP ?


Thanks

11 January 2012 The historical cost of the land should be written off over the useful life of the asset

11 January 2012 plz clarify how land is written off i.e. land is not a depreciable asset.

Thanks


11 January 2012 plz clarify how land is written off i.e. land is not a depreciable asset.

Thanks

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