Depreciation Treatment on assets received in kind for specific purpose (Corpus donation)

[PRIYAM KHAMBHATA]

Respected Sir

Whether depreciation on assets received in kind for specific purpose would be adjusted against the respective Donation Fund - corpus fund, instead of being charged to the Income & Expenditure Account,

Please guide me, what would be corrected for accounting standards.

Thanking

AI Summary

Depreciation on corpus-funded donated assets requires determining whether charges reduce the corpus fund or income account.
Depreciation on assets received in kind for a specified corpus purpose raises whether the charge should be adjusted against the related donation or corpus fund rather than recognised in the Income and Expenditure Account. The issue concerns appropriate accounting treatment under applicable accounting standards for purpose-specific donated assets.