Which of the following method of charging depreciation is accepted by the Income Tax Act?

Written Down Value

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Straight Line

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Both Straight Line and Written Down Value

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None of these

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Solution

The correct option is A Written Down Value
Written down value method of charging depreciation is accepted by the Income Tax Act.

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Similar questions

Distinguish between straight line method and written down value method of calculating depreciation.

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In which of the following methods of charging depreciation, it is charged on Written down value of the asset?

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