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 Correct Answer Incorrect Answer
    B Actual cost less depreciation @ 30% for every completed year under straight line method Correct Answer Incorrect Answer
    C Actual cost less depreciation @ 20% for every completed year under straight line method Correct Answer Incorrect Answer
    D Actual cost less depreciation @ 20% for every completed year under WDV method Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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