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Question

If an employer transfers second hand motor car to the employee, the perquisite is valued at:

A Actual cost less depreciation @ 30% for every completed year under WDV method

B Actual cost less depreciation @ 30% for every completed year under straight line method

C Actual cost less depreciation @ 20% for every completed year under straight line method

D Actual cost less depreciation @ 20% for every completed year under WDV method

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