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Commerce · Q699

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 699

Q699

The depreciation on the assets in case of new plant and machinery is:

A.
Depreciation sum equals to 20% of the actual cost of new plant and machinery
Answer
B.
Depreciation sum equals to 50% of the actual cost of new plant and machinery
C.
Depreciation sum equals to 30% of the actual cost of new plant and machinery
D.
Depreciation sum equals to 10% of the actual cost of new plant and machinery

Answer: Option A

Solution

Answer: Option A
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