Answer Happy

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