Depreciation on antiques

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1359 Points Posted on 14 June 2022
does depreciation is charged on antiques if used in business ( not inventories) ??
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On 14 June 2022 at 15:47 Report
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This discussion explores whether antiques used in a business, but not held as inventory, are subject to depreciation. The consensus is that antiques typically do not depreciate. This is because their value is often considered to increase or remain stable over time due to their precious nature and rarity, rather than decrease like other business assets.

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Chartered Accountant
86505 Points Posted on 14 June 2022
No depreciation charged on antiques
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On 14 June 2022 at 19:53
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1359 Points Posted on 14 June 2022
Why ??
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On 14 June 2022 at 20:58
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Chartered Accountant
86505 Points Posted on 18 June 2022
As they are precious and there is no reduction in antiques price.
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On 18 June 2022 at 23:46

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