👉 Non-depreciable refers to assets or items that are considered to be less valuable than their replacement value and have a residual value. These assets can include equipment, property, inventory, and other tangible personal property. Non-depreciable assets typically represent the cost of goods sold (COGS) for a company, and they are not subject to depreciation. Instead, these assets are used as collateral or held by the company in order to maintain liquidity and reduce the risk associated with inventory management. Non-de