Accountancy, asked by annzel2279, 9 months ago

What is the rate of depreciation on commercial car?

Answers

Answered by gauravarduino

Answer:

40%

Explanation:

40% depreciation rate is applicable for the following types of plant and machinery: Aeroplanes and aero-engines. Commercial vehicles which are acquired by the assessee on or after 1.10. 1998 but before 1.4.

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