Generally, assets decrease their values as time passed by and as they are being used in the companies daily operations. But there are also assets that increase in value as time lapses. One example is Land. Land assets do not depreciate but rather appreciate in value.

One reason why land value appreciate is because of the increase in population. As the population increase, more houses/home are needed to be constructed and the more land is demanded. In turn, as the demand on the land increases, the prices on land also increases.