30 December 2010
As per IAS 16, property plant and equipment depreciation should start once the asset is available for use.
Now in case of items like computers, servers, furniture, high value spares etc.. which are in inventory to be used as and when required should depreciation commence even when they are not used and just lying in store (as they are available for use and only thing is that we are not using them).
CAclubindia
