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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 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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