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Does gold is depreciable ??

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1359 Points Joined October 2021
does gold is depreciable ??
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On 06 May 2022 at 01:25 Report
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Profession Business
28196 Points Joined May 2017
Gold is an appreciating asset.
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On 06 May 2022 at 06:10
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CFO- at NHTF
58280 Points Joined August 2012
Only Fixed Assets are subject to depreciation.
Since value is linked to stock market you may consider mark to market
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On 06 May 2022 at 07:44
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Profession Business
28196 Points Joined May 2017
House purchased is not linked to stock market but is not a depreciating asset.
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On 06 May 2022 at 09:26
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CFO- at NHTF
58280 Points Joined August 2012
Since value is linked to stock market you may consider mark to market.

This phrase is related to above query on gold ..
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On 06 May 2022 at 09:29
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1359 Points Joined October 2021
But gold jewellery lose its value due to wear and tear uses so?
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On 06 May 2022 at 11:03
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Chartered Accountant
5010 Points Joined March 2020

No gold is not a depreciable asset. 

Gold jewellery value is derived by market. It do not depreciates its value if kept in the same form. 

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On 06 May 2022 at 12:57
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1359 Points Joined October 2021
Same form means ??
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On 06 May 2022 at 14:32
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CFO- at NHTF
58280 Points Joined August 2012
Gold and jewellery can also increase due to increase in demand.
2 Reply
On 06 May 2022 at 14:55

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