Where a non-current asset appreciates in value over time,no depreciation should be charged.

Name: Where a non-current asset appreciates in value over time,no depreciation should be charged.
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Quizplus · Accepted Answer

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life, regardless of changes in its market value. Appreciation in market value does not affect the systematic allocation of the asset's cost.

Where a Non-Current Asset Appreciates in Value Over Time,no Depreciation