Does gold is depreciable ??

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1359 Points Posted on 06 May 2022
does gold is depreciable ??
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On 06 May 2022 at 01:25 Report
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Quick Summary
Gold is generally not considered a depreciable asset. Depreciation applies to fixed assets, whereas gold's value is typically linked to market demand and can appreciate over time. While gold jewellery might experience wear and tear, its intrinsic value as a commodity is not subject to depreciation in the same way a fixed asset is.

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Profession Business
28246 Points Posted on 06 May 2022
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 Posted on 06 May 2022
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
28246 Points Posted on 06 May 2022
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 Posted on 06 May 2022
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 Posted on 06 May 2022
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 Posted on 06 May 2022

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 Posted on 06 May 2022
Same form means ??
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On 06 May 2022 at 14:32
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CFO- at NHTF
58280 Points Posted on 06 May 2022
Gold and jewellery can also increase due to increase in demand.
2 Reply
On 06 May 2022 at 14:55

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