At December 31, 2020, Gopal Company reported the following as plant assets.
Land					4,000,000
Buildings				28,500,000
Less: Accumulated depreciation - buildings				12,100,000	16,400,000
Equipment				48,000,000
Less: Accumulated depreciation - equipment				5,000,000	43,000,000
		Total plant assets			63,400,000
During 2021, the following selected cash transactions occurred.
April 1	Purchased land for $2,130,000.
May 1	Sold equipment that cost $750,000 when purchased on January 1, 2017. The equipment was sold for $450,000
June 1	Sold land purchased on June 1, 2011, for $1,500,000. The land cost $400,000.
July 1	Purchased equipment for $2,500,000.
Dec. 31	Retired equipment that cost $500,000 when purchased on December 31, 2011. No salvage value was received.

Owner is confused that when you have depreciated all other non-current assets, why have not you depreciated land? She says if we depreciate land then we could less profits and need to pay less taxes. What are the implications of her thinking? Draft a reply to the owner in simple words