Question

depreciation is allowed on​

Answer 1

Depreciation under the Income Tax Act is a deduction allowed for the reduction in the real value of a tangible or intangible asset used by a taxpayer. The concept of depreciation is used for the purpose of writing off the cost of an asset over its useful life.

Answer 2

Answer:

Here is your answer

Explanation:

Depreciation is allowed on Motor taxis, motor busses and motor lorries ised in a business of running them on hire.

Hope its help you and plz mark me as brainlist