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Today's cloud computing world, selecting a truthful cloud resource is fundamental to highly competitive business dynamics. Although there are many primary topic to discuss in Cloud community, Truthful bidding for cloud resources will also be one of the interesting area to discuss in this paper. First, we will list the open comments that were recommended by the members of the group in LinkedIn discussion on "Truthful bidding for cloud resources based on competitive cloud auction, Costing and Depreciation". Then we would like to look at the primary recommendations from cloud professionals, and the corresponding reasons for this is that most people managing different resources and they are looking for different feature sets in Cloud based service and like to make their functionality availability in almost all the time. Hence we will also discuss the most popular aspects of cloud auction, Costing and Depreciation is, what they offer, and why they are considered for effective selection and Management of Cloud.

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