Treatment of depreciation

This query is : Resolved 

25 February 2012 What is the treatment of Depreciation while computing Working Capital Required on Normal Basis OR Cash Cost Basis ?
Do we include depreciation in W.I.P. if it is a part of Overheads ?
Do we include Depreciation in Stock of Finished Goods ?

03 April 2012 Depreciation is not a charge or expense. It is to be added in the profit while preparing MIS data for bank finance and the net assets is to be shown



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