Land improvements should be depreciated over the useful life of the
A) land.
B) buildings on the land.
C) land or land improvements whichever is longer.
D) land improvements.

Question

Quizplus · Accepted Answer

Land improvements such as parking lots, fences, and sidewalks have a limited useful life and their value diminishes over time. Therefore, they should be depreciated over their useful life, separate from the land itself. This is in contrast to the land's value, which is considered to be indefinite and not subject to depreciation.

Land Improvements Should Be Depreciated Over the Useful Life of the