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For a book store, their shelves are NCA so it should be depreciated AND the books are their inventory(CA) therefore no need to depreciate.
1a) For a real estate company that buy/sell/rent buildings and houses. They need to depreciate the main building where their office is, office equipment etc…So what are their inventory? Is it the building and houses they bought to sell/rent?
1b) Related to the above question. If those houses and buildings are their inventory. Do they need to depreciate them?
None of this is relevant for the Paper FA exam.
However, buildings that they rent out are non-current assets and will be depreciated because they will be keeping them in the longer term. Buildings that they buy and sell are effectively inventory (if they still have any at the end of the accounting period) and will not be depreciated.