does gold ornament are depreciable because of wear and tear uses ??
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Does gold ornament is depreciable
Replies (9)
Quick Summary
Are they Assets of the Business ?.
yes
Not at all.......
Why ?? can you please explain ?
Gold value increases there is no wear & tear after fixed period.
Gold is one of the precious metals and is traded at bourses. It's value appreciates.
And it also has unlimited life
am I correct ??
am I correct ??
Yes you are.....
For the same reason it's ever normally existent.
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