Income Tax Law and Practice mcq set 3

Q81: The rate of depreciation applicable to intangible asset is: A. 5%B. 15%C. 20%D. 25% AnswerAnswer D. 25% Q82: The rate of depreciation applicable to furniture is: A. 10%B. 15%C. 20%D. 5% AnswerAnswer A. 10% Q83: The allowable depreciation on motor car is: A. 5%B. 25%C. 30%D. 40% AnswerAnswer C. 30% Q84: What is the…

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