alleryStart learning →An asset costing Rs. 150 has cumulative tax depreciation of Rs. 90. What is its tax base?
ARs. 90
BRs. 100
CRs. 60
DRs. 150
Answer & Solution
Correct answer: C. Rs. 60
The tax base is the original cost less all deductions allowed so far: 150 - 90 = Rs. 60.
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