Q432
As per the rules pertaining to Income Tax Act, any asset which is acquired during the previous year and has been put to use for 50 days will be allowed to deduct depreciation as:
A.
20% of the usual depreciation
B.
30% of the usual depreciation
C.
33.33% of the usual depreciation
D.
50% of the usual depreciation
AnswerE.
the usual depreciation, as applicable
Answer: Option D
Solution
Answer: Option D
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