does gold ornament are depreciable because of wear and tear uses ??
Menu
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.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
