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What are the consequences of not depreciating a company' s assets?

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What are the consequences of not depreciating a company' s assets?

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Company's Assets: Petty cash $1000 Car $20,000 Sound Eqmt $5000 Accounts Receivable $6000 Office Eqmt $16,200 $$ in bank $5500 Computer Sys $3500 Furniture $7000 I NEED HELP IN CATAGORISING THESE INTO CURRENT & NON CURRENT ASSETS THANKS

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What are the consequences of not depreciating a company' s assets?

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