Next stop this week Depreciation of your PPE (Property, plant and Equipment) LAND is never depreciated. Reason, we assume it will not go down in value,. . if it does, we impair it, like we do for all assets, if they go down on a permanent basis (more on that later) The rest of the items we do depreciate Why do we depreciate (concept or principle)? Name 3 types of deprecation What are the differences between the 3