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!!!
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Land: appreciation or depreciation
Replies (1)
Mostly in case of land in normal condition ther is always appreaciation of value because of acute shortage.
% of appreciation/depreciation- depends on factors lik location of land, its market value,use of land,availability of resources-man,power,money,banksetc.
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