Which of the following is odd one with reference to depreciation?

Land.

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Machinery.

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Furniture.

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None of the above.

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Solution

The correct option is A Land.
Depreciation is charged on those assets which are diminishing in nature and have a limited useful life span.
Land can never diminish i.e it can never cease to exist like the other assets viz., plant and machinery, equipments, etc. Hence, depreciation is never charged on Land.
Out of all the above mentioned only land is not depreciable, rest all will be depreciable.

Suggest Corrections

Similar questions

Rectify the following errors:

(a)	Furniture purchased for Rs 10,000 wrongly debited to purchases account.
(b)	Machinery purchased on credit from Raman for Rs 20,000 was recorded through purchases book.
(c)	Repairs on machinery Rs 1,400 debited to machinery account.
(d)	Repairs on overhauling of secondhand machinery purchased Rs 2,000 was debited to Repairs account.
(e)	Sale of old machinery at book value of Rs 3,000 was credited to sales account.

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