Q747
An equipment was acquired at a cost of Rs. 10 lakh and was put to use in Scientific Research. After one year of research the equipment was brought into another business of the assessee. For charging depreciation, block of assets shall be increased by:
A.
Rs. 10 lach
B.
market value of the equipment on the date it was brought into another business
C.
cost or market value of the equipment, whichever is less
D.
Nil
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board