Land improvements should be depreciated over the useful life of the

Name: Land improvements should be depreciated over the useful life of the
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Land improvements, such as adding a driveway or parking lot, are separate from the land itself and can deteriorate over time. Therefore, they should be depreciated over their useful life, which may be determined by the IRS guidelines or the company's own estimates. The buildings on the land should be depreciated separately based on their own useful life.

Land Improvements Should Be Depreciated Over the Useful Life of the