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Business Taxation II A.Y 2019-20
MCQ on Depreciation

 INDIRA P.E
Dept of Commerce
GFGC BILIKERE
University of Mysore
Name of the student and college name *
1. Depreciation under IT Act is available both on Tangible and intangible assets
1 point
2. Unabsorbed depreciation in an A.Y can be carried forward to next
1 point
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3. Additional depreciation  for machinery acquired & installed after 31st March, if it is put to use for more than 180 days is
1 point
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4. Additional depreciation  for machinery acquired & installed after 31st March, if it is put to use for less than 180 days is
1 point
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5. Rate of depreciation on Residential building as per IT Act
1 point
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6. Rate of depreciation on Hotel building as per IT Act
1 point
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7. Rate of depreciation on Furniture & Fittings as per IT Act
1 point
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8. Rate of depreciation on Plant & Machinery & Motor car used as Hire as per IT Act
1 point
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9. Rate of depreciation on Computer as per IT Act
1 point
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10. Rate of depreciation on Books as per IT Act
1 point
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11. Rate of depreciation on Plant & machinery excluding Hire purpose as per IT Act
1 point
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12. Rate of depreciation on Patent, copyright as per IT Act is 25%
1 point
13. Power sector can claim Depreciation  either in straight line method or Written Down Value
1 point
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14. What is the WDV of residential building, if the WDV at the beginning of the Year is 1500000, additions during the year 600000 and sales during the year is 300000
1 point
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15. WDV of car at the beginning of the year 108000. The car is  used for business as well as personal purpose. compute  WDV. Rate of depreciation is 15%
1 point
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