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Depreciation

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(Querist)
28 June 2013 Please Guide if Depreciation is applicable on Gold & Silver.

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Regards
Siddharth M. Shah
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 June 2013 Depreciation not apply on Gold & silver
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
29 June 2013 Agreed with Rameshji Depreciation is not applicable on Gold and Silver
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Dr. Rashid Mehmood, CPA, Ph.D

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Dr. Rashid Mehmood, CPA, Ph.D (Expert)
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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