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Does gold is depreciable ??
does gold is depreciable ??
Replies (8)
Quick Summary
Gold is an appreciating asset.
Only Fixed Assets are subject to depreciation.
Since value is linked to stock market you may consider mark to market
Since value is linked to stock market you may consider mark to market
House purchased is not linked to stock market but is not a depreciating asset.
Since value is linked to stock market you may consider mark to market.
This phrase is related to above query on gold ..
This phrase is related to above query on gold ..
But gold jewellery lose its value due to wear and tear uses so?
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.
Same form means ??
Gold and jewellery can also increase due to increase in demand.
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