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Basic query in accounting

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(Querist)
08 October 2013 Please explain.
If Fixed asset is used for resale (I.e inventory),Then do we calculate depreciation on it.?
If yes then depreciation will be treated direct cost?

I will be very much thankful to you
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
08 October 2013 Goods, assets what may be held as stock in trade shall not calculate depreciation even though depreciated asset. Means on Inventory depreciation not eligible.

OM SAI SRI SAI JAI JAI SAI
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