Introduction:
Depreciation is the reduction in the value of an asset over time due to wear and tear, obsolescence, or other factors. However, there are certain assets for which depreciation is not provided. This response aims to identify the asset for which depreciation is not provided and explain the reasons behind it.

Asset for which Depreciation is not Provided:
The asset for which depreciation is not provided is land.

Reasons for not providing Depreciation on Land:
There are several reasons why depreciation is not provided for land, which are as follows:

1. Land is considered to have an unlimited life span and does not wear out or become obsolete like other assets.

2. Land is also not subject to any foreseeable depletion or exhaustion, making it impossible to determine a useful life for it.

3. The value of land typically appreciates over time, making it counter-intuitive to apply depreciation to it.

Conclusion:
In conclusion, depreciation is not provided for land due to its unlimited life span, lack of depletion or exhaustion, and tendency to appreciate in value over time. On the other hand, depreciation is provided for assets such as buildings, machinery, and vehicles, which have a limited useful life span and are subject to wear and tear or obsolescence.

Correct answer is d) Land and inventory