Which is true.
I.Fixed installation method is recognised by income tax department.
II.The amount of depreciation in WDV method remains same.
A)Both I and II
B)None is true
C)Only II
D)Only I

Question

Quizplus · Accepted Answer

I. The Income Tax Department recognizes the Written Down Value (WDV) method, not a "Fixed Installation" method. II. In the WDV method, the amount of depreciation decreases over time as it is calculated on the reduced balance.

Which Is True. I.Fixed Installation Method Is Recognised by Income Tax Department