According to the income tax rule in India depreciation is to be charged on the basis of which one of these.

Written down value method

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Accounting book-value method

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Discounted cash flow method

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Pay back method

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Solution

The correct option is B Written down value method
According to the income tax rule, 1961 depreciation is to be charged on the basis of written down value method in India which meant depreciation percentage charge would be applied on the written down value that came after all such depreciation from previous years.

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