The rate of depreciation applicable to intangible asset is:
A) 5%
B) 15%
C) 20%
D) 25%
Correct Answer:
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Q2: While computing the profit of a firm,
Q3: The deduction allowed in respect of payment
Q4: For the purpose of income tax, depreciation
Q5: Depreciation is not allowed on:
A)Computer
B)Furniture
C)Land
D)Machinery
Q6: Unabsorbed depreciation can be carried forward for
Q8: The rate of depreciation applicable to furniture
Q9: The allowable depreciation on motor car is:
A)5%
B)25%
C)30%
D)40%
Q10: What is the additional rate depreciation on
Q11: The allowable rate of depreciation on computer
Q12: Which among the following is not a
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