Question

Which of the

following

methods of

depreciation is

not recognized

by Income Tax

Law?

(a) Straight line

Method

(b) None of

these

(c) Both,

Straight Line

and Diminishing

Balance

Methods

(d) Diminishing

Balance Method​

Answer 1

Answer:

I have chosen c

Because the c is correct statement

Answer 2

The straight-line method of depreciation is not recognized by Income Tax Law. (option a)

• The cost of a fixed asset is spread equally over its useful life using the straight-line depreciation approach.
• This is the most popular and straightforward technique for computing depreciation expenses.
• The expense amount is the same every year over the asset's useful life in straight-line depreciation.
• The Straight Line Method Depreciation Formula is as follows:

        Depreciation Expense = (Cost – Salvage value) / Useful life