Depreciation on antiques
Atharv Sankliya (1354 Points)
14 June 2022
does depreciation is charged on antiques if used in business ( not inventories) ??
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 14 June 2022
No depreciation charged on antiques
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 18 June 2022
As they are precious and there is no reduction in antiques price.
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