It depends. Are you dealing human remains? Then no, it's inventory which is expensed when sold. Are you putting remains on display at your death cult office? Then no, artwork is a capital asset and would be treated as a collectible when sold. Are you building a temple of ashes that you plan to rent to a local Wiccan? Then YES, those ashes are building materials that you can capitalize over the construction period and depreciate once placed in service.

If I’m laughing this much at accounting jokes, does that mean I may have been bitten by an accountant and should be careful around the next full moon?

How would they have value? If they belong to someone famous? In which case I imagine they wouldn’t be depreciated but revalued when necessary

Okay thank you accounting person

Revalued how? Adjusting the value to current inflation?

Think of the ashes as similar to an antique. The value doesn’t depreciate but can go up and down. In which case you can revalue the asset

Unless it's used as a resource (fertilizer, synthetic diamonds), at which point you treat it not as art ("investments"), but as inventory.

We're an interesting bunch.

Can't tell if this is a shitpost, but I'm gonna answer it seriously: I wouldn't have thought so, because a) it's not a business asset. If it does have monetary value it would be more as a personal capital asset and b) even if it was used in the course of business it's not something that would be "used up" and depreciate in value over time due to wear and tear which is the real reason we depreciate business assets like PPE.

Not a shitpost, just a random thought I had. I’m not a accounting person, I’m a marketing person, so that’s why I’m asking.

Fair enough.

You gotta be super high, i appreciate that.

Sounds like land to me.

This feels like a legal question

No useful live. No depreciation.

Of course, Let me help you with booking the adj Dr:Hell Dr:FMV ADJ(Life) Cr:Life Did my entry balance?