24. Depreciation of assets
The Treasurer shall determine the amount of the depreciation of the assets of any Trading Concern, such depreciation being a working expense shall be debited in the Profit and Loss Account, and where a cash profit is shown equivalent to the depreciation charge such amount shall be carried to a Depreciation Fund Account in the Treasury Books and invested to provide for the replacement of the assets of the Trading Concern.
[Regulation 24 amended by No. 8 of 1925 s.2.]