does gold ornament are depreciable because of wear and tear uses ??
9 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14803 Points)
Replied 13 June 2022
Are they Assets of the Business ?.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 13 June 2022
Gold value increases there is no wear & tear after fixed period.
sabyasachi mukherjee
(27579 Points)
Replied 14 June 2022
Gold is one of the precious metals and is traded at bourses. It's value appreciates.
sabyasachi mukherjee
(27579 Points)
Replied 15 June 2022
For the same reason it's ever normally existent.
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