Allocating Payments and Receipts to Fixed Asset Accounts letter and enter the appropriate amount. Enter receipts as negative amounts using the minus sign. 3. Since land used as a plant site lose its ability to provide services, it depreciated. Land improvements lose their ability to provide services as time passes and are, therefore, Improvements rather than Land? Assume that Land Improvements are depreciated over a 20-year life using the double-declining-balance method. Allocating Payments and Receipts to Fixed Asset Accounts letter and enter the appropriate amount. Enter receipts as negative amounts using the minus sign. 3. Since land used as a plant site lose its ability to provide services, it depreciated. Land improvements lose their ability to provide services as time passes and are, therefore, Improvements rather than Land? Assume that Land Improvements are depreciated over a 20-year life using the double-declining-balance method