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DP
Question Practice

Which of the following is true about the use of depreciation for tax purposes?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

Which of the following is true...

Single Answer MCQ
Q-00054199

Which of the following is true about the use of depreciation for tax purposes?

1

It increases taxable income

2

It reduces taxable income

3

It has no effect on taxable income

4

It is a one-time deduction only

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Q1.

What is depreciation?

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What factor does NOT affect the calculation of depreciation?

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