There is no effect on the accounting equation.
Accounting equation is the one which states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.
Assets = owner's equity + liability
The above means that land is not depreciated, therefore assets decrease (-land) but also increase (+cash).
The elements of accounting equation are :
Learn more about account equation here: https://brainly.com/question/24401217
