Question
A company purchases machinery worth ₹10 lakh and puts
it to use on 1st December. What will be the depreciation rate and amount for the year under the Income Tax Act?Solution
If asset is used for <180 days, then half rate of depreciation is allowed. Hence, 15% × ½ × ₹10L = ₹0.75 lakh.
More Accounts Questions
(11.75)2 - 49.99% of 120 - ? = (8.23)2
[34.01 × 18.98 – 12 × √576.03 – 198] ÷ 3.95 = ?
136.02 + 80.004 - 9.892 + {(30.02)2 /(15.02 × 1.98)} of 18.22% = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
2550.03 ÷ 74.98 x 49.9 = ? + 20.32
79.79% of 299.87 - 54.67% of (39.982 - 9.822 ) = ? - 19.92 × 199.98
(14.98% of 319.99) - 7.998 = √?
A person invests a sum of money in a bank at a certain rate of interest. The interest earned at the end of the second and third y...
6940 ÷ 28 ÷ 7 = ?
15.2 x 1.5 + 258.88+ ? = 398.12 + 15.9
