What type of personal property is considered non-depreciable?

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Land is considered non-depreciable personal property because it does not wear out or become obsolete over time. Unlike vehicles, commercial properties, or office furniture, which all have finite useful lives and can decrease in value due to wear and tear, land maintains its intrinsic value. As a result, the tax code does not allow for depreciation on land, meaning that property owners cannot deduct a portion of the land's cost over time as a business expense. This characteristic of land as non-depreciable aligns with its permanent nature in real estate, making it a distinct category compared to other assets that are subject to depreciation.

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