Which asset is known for not depreciating over time?

The asset known for not depreciating over time is land. Unlike buildings or machinery, which are subject to wear and tear and lose value over time due to usage or obsolescence, land generally retains its value or can even appreciate in value due to factors such as demand, location, and market conditions. This characteristic makes land unique among assets.

Buildings and machinery can incur depreciation because they have finite useful lives and are often affected by factors such as age and maintenance needs, which cause their value to decrease over time. Vehicles also depreciate, primarily due to high usage and a market value that diminishes significantly once they are used. Therefore, land stands out as an asset that does not depreciate, making it a valuable and stable component of long-term investment portfolios.