Land: appreciation or depreciation

ALOK RATNA (CHIEF CONSULTANT) (190 Points)

23 May 2011  

If a person is having land valued at 25 lacs in his balance sheet then whether it will remian of the same value over a period of years or will it apprecaite or depareciate???  In either of cases pls let me know the percentage at which it will appreciate or depreaite!!!