Does gold is depreciable ??

06 May 2022

does gold is depreciable ??

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8 Replies

sabyasachi mukherjee (27574 Points)
Replied 06 May 2022

Gold is an appreciating asset.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 06 May 2022

Only Fixed Assets are subject to depreciation.
Since value is linked to stock market you may consider mark to market

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sabyasachi mukherjee (27574 Points)
Replied 06 May 2022

House purchased is not linked to stock market but is not a depreciating asset.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 06 May 2022

Since value is linked to stock market you may consider mark to market.

This phrase is related to above query on gold ..

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Atharv Sankliya (1354 Points)
Replied 06 May 2022

But gold jewellery lose its value due to wear and tear uses so?

CA Puja Sharma (Chartered Accountant) (5010 Points)
Replied 06 May 2022

No gold is not a depreciable asset.

Gold jewellery value is derived by market. It do not depreciates its value if kept in the same form.

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Atharv Sankliya (1354 Points)
Replied 06 May 2022

Same form means ??

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 06 May 2022

Gold and jewellery can also increase due to increase in demand.

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