Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. briefly explain why gaap prevents accountants from

Briefly explain why GAAP prevents accountants from recording depreciation on Land, but require accountants to...

80.2K

Verified Solution

Question

Accounting

Briefly explain why GAAP prevents accountants from recording depreciation on Land, but require accountants to record deprecation on Land Improvements.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Nichrome wire of cross sectional radius 0 779 mm is to be used in winding...

Physics
1.2K views

point charge of 3 00 C is located in the center a spherical cavity of...

Algebra
1.2K views

Combine 4 112 28 Next question 4 112 28 Type an exact answer using radicals...

Algebra
1.2K views

The Commutative Property of Multiplication states that for any real numbers a and b a...

Algebra
1.2K views

1 2 2 3 1 2 5x Step 1 2 3 4 10 5 6...

Accounting
1.2K views

Blossom Limited sold equipment on September 30,2024, for $37,870 cash. The equipment...

Accounting
1.2K views

On January 1, a company agrees to pay $16,000 in nine years. If the annual...

Accounting
1.2K views

Cul de las siguientes caractersticas puede descalificar a una corporacin del estado de S Corporation?...

Accounting
1.2K views

Ida Sidha Karya Company is a family-owned company located on the island of Bali in...

Accounting
1.2K views

On July 1, 2022, Aaron places in service a new SUV ( 5Yr ) that...

Accounting
1.2K views

Write out in the same format as the question ...

Accounting
1.2K views

Pharoah Company has an inexperienced accountant. During the first 2 weeks on the job, the...