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Depreciation

This query is : Resolved 
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(Querist)
11 June 2014 I work for a FMCG. We purchase freezers & give it to our distributors for promotion of products. Freezers are our assets and we collect deposit from distributors and we return it when they return us freezers. My query is how we have to calculate depreciation?
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CA.Shubhneet Kaur

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CA.Shubhneet Kaur (Expert)
11 June 2014 If your company deals with freezers then that are not assets, hence no depreciation. Nut if they are assets the normal depreciation applicable to plant & machinery is applicable.
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