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Is it mandatory to provide depreciation on equipment not put to use a) in the year of acquisition.. b) not used for the last two years, but well maintained.
For Tax purposes, it is advisable to depreciate the asset as per the prevailing rate.
For Financial Reporting also, as per IN12 of IAS16, Property, Plant and Equipment, "An entity is required to begin depreciating an item of property, plant and equipment when it is available for use and to continue depreciating it until it is derecognised, even if during that period the item is idle".
For Costing purpose, it is mandatory to book deprecation to the loss of value due to normal wear & tear, technological factors, etc.
There are two ways to decide for that
1 if it is not used but it is ready means can be used in future in other words no need to purchase a new one then it should not be epreciation.
2 if it is well maintained but is not being used because of outdated so it should be a depreciation
