System of Accounting Receipts and Disbursement of Moneys Regulations

11/Nov/1998 - Current (at 31 Dec 2005)
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    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.]

Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.