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As-19 & us gaap

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(Querist)
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 ?


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Maninder Jain

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Maninder Jain (Expert)
11 January 2012 The historical cost of the land should be written off over the useful life of the asset
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RAJIV JHA

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RAJIV JHA (Querist)
11 January 2012 plz clarify how land is written off i.e. land is not a depreciable asset.

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RAJIV JHA

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RAJIV JHA (Querist)
11 January 2012 plz clarify how land is written off i.e. land is not a depreciable asset.

Thanks
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
18 July 2023 "Sorry, I am not a featured member."

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