Question

X company limited provides depreciation on straight line method (SLM)for
Companies Act and on written down value method (WDV) for thelncome
Tax Act. Choose correct option:
O c) It is valid if the depreciation as per WDV is less than SLM
d) It is valid if the depreciation as per SLM is less than WDV
O
a) It is valid
O b) It is illegal​

Answer 1

Answer:

.............................

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Explanation:

.............................

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.............................

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.............................

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Answer 2

Answer:

(b) it is illegal.

Explanation:

X company have to calculate depreciation for company act and income tax act same method i.e SLM or WDV method.

they have to follow only one method of depreciation.