Challenge the Belief “No Depreciation for Property” is Properly or Not.

Abstract

          This article aims to challenge the accountants’ belief that no depreciation for property is properly or not.  The writer argues that belief because the entity who uses the property is definitely useful life.  When the entity is terminated, the property is indefinitely useful life but the entity cannot use the property.  So all along useful life of property, the entity should depreciate the property to the expense for measuring profit or loss of period with properly.