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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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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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