When dealing with noncurrent assets what is the difference between land as noncurrent and land held by a real estate?
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When dealing with noncurrent assets what is the difference between land as noncurrent and land held by a real estate?
Land held by a real estate includes land and anything else that is not removeable such as buildings, sheds, houses, etc... So Land as noncurrent is just the physical land minus the buildings and such.
And land does not depreciate, but building does.
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