Depreciation
This query is : Resolved
28 June 2013
Please Guide if Depreciation is applicable on Gold & Silver.
Thanks
Regards
Siddharth M. Shah
Thanks
Regards
Siddharth M. Shah
CMA Ramesh Krishnan
(Expert)
28 June 2013
Depreciation not apply on Gold & silver
CA.Vinita Gupta
(Expert)
29 June 2013
Agreed with Rameshji Depreciation is not applicable on Gold and Silver
30 June 2013
The reasons for not applying the depreciation, gold and silver are cash equivalents and part of your highly liquid assets. you may get raise in value or fall in value which should be adjusted accordingly. For the rest I agree with the Experts.
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