11 June 2014
I work for a FMCG. We purchase freezers & give it to our distributors for promotion of products. Freezers are our assets and we collect deposit from distributors and we return it when they return us freezers. My query is how we have to calculate depreciation?
11 June 2014
If your company deals with freezers then that are not assets, hence no depreciation. Nut if they are assets the normal depreciation applicable to plant & machinery is applicable.
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