Rate of depreciation in case of oil well: a. 40% b. 20% c. 15% d. 30%

Rate of depreciation in case of oil well:
a. 40%
b. 20%
c. 15%
d. 30%
by

1 Answer

Answer :

c. 15%
by

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If the Computer is purchased on 11th May 2017 then at what rate depreciation will be provided on it? a) 40% b) 60% c) 30% d) 20%

Description : If the Computer is purchased on 11th May 2017 then at what rate depreciation will be provided on it? a) 40% b) 60% c) 30% d) 20%

Last Answer : a) 40%

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Description : Rate of Depreciation chargeable on fully temporary wooden structure: a) 100% b) 50% c) 40% d) 15%

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Description : What is the rate of depreciation charged on Computer Software: a) 10% b) 60% c) 40% d) 15%

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Description : Depreciation when the asset is used for less than 180 days during the year of acquisition shall be at Block rate of: a) 50% b) 100% c) 20% d) 15%

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Adhu Ltd. owns machinery (rate of depreciation is 15%), the written down value of which as on 1st April 2017 is Rs.30 Lakh. Due to fire, entire assets in the block were destroyed and the insurer paid Rs.25 lakh. The eligible depreciation in respect of block : a) Rs.450000 b) Rs. 75000 c) Rs. 400000 d) Nil

Description : Adhu Ltd. owns machinery (rate of depreciation is 15%), the written down value of which as on 1st April 2017 is Rs.30 Lakh. Due to fire, entire assets in the block were destroyed and the insurer paid Rs.25 lakh ... depreciation in respect of block : a) Rs.450000 b) Rs. 75000 c) Rs. 400000 d) Nil

Last Answer : d) Nil

Opening WDV of the block of assets was Rs.15 lakh. During the year, asset was acquired under this block on 15th June2017 amounting to Rs. 10 Lakh. Rate of depreciation of the block is 15%. Calculate the amount of depreciation available during the P.Y. a) Rs. 3.5 Lakh b) Rs. 3.75 lakh c) Rs. 3.00 lakh d) Rs.2.25 Lakh

Description : Opening WDV of the block of assets was Rs.15 lakh. During the year, asset was acquired under this block on 15th June2017 amounting to Rs. 10 Lakh. Rate of depreciation of the block is 15%. Calculate the amount of depreciation ... 3.5 Lakh b) Rs. 3.75 lakh c) Rs. 3.00 lakh d) Rs.2.25 Lakh

Last Answer : b) Rs. 3.75 lakh

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If the asset acquired outside India by a non-resident is brought by him to India & used for business, then in that case what shall be the cost of addition? a) Value of the asset at the time of bringing the asset to India less depreciation b) Actual cost of asset less actual depreciation c) Actual cost of asset less notional depreciation d) Any of the above

Description : If the asset acquired outside India by a non-resident is brought by him to India & used for business, then in that case what shall be the cost of addition? a) Value of the asset at the ... of asset less actual depreciation c) Actual cost of asset less notional depreciation d) Any of the above

Last Answer : c) Actual cost of asset less notional depreciation

Mr. Vaibhav, deriving business income, owns a car whose WDV as on 1st april 2016 was Rs.3Lakh. This is the only asset in the block of assets with rate of 15%. It is estimated that 1/3rd of the total usage of the car is for personal use in both years. The WDV of the block of assets as on 31st March, 2018 would be a) Rs.216750 b) Rs.243000 c) Rs.255000 d) Nil

Description : Mr. Vaibhav, deriving business income, owns a car whose WDV as on 1st april 2016 was Rs.3Lakh. This is the only asset in the block of assets with rate of 15%. It is estimated that 1/3rd of the total usage of ... as on 31st March, 2018 would be a) Rs.216750 b) Rs.243000 c) Rs.255000 d) Nil

Last Answer : c) Rs.255000

Opening WDV off the block of assets was Rs 15 lakh. During the year, asset was acquired under this block on 15 June 2017 amounting to rupees 10 lakh. One of the assets falling within the block was sold for rupees 5.5 lakh on 14 January 2018. Rate of depreciation of block is 10%. Calculate the amount of depreciation available during the previous year for the block. e. rupees 1.95 lakh f. rupees 2.5 lakh g. rupees 2.25 lakh h. Rs 1.45 lakh

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Last Answer : e. rupees 1.95 lakh

Opening WDV off the block of assets was Rs 15 lakh. During the year, asset was acquired under this block on 15 January 2018 amounting to rupees 10 lakh. One of the assets falling within the block was sold for rupees 5.5 lakh on 14 January 2018. Rate of depreciation of block is 10%. Calculate the amount of depreciation available during the previous year. a. rupees 1.95 lakh b. rupees 2.5 lakh c. rupees 2.25 lakh d. Rs 1.45 lakh

Description : Opening WDV off the block of assets was Rs 15 lakh. During the year, asset was acquired under this block on 15 January 2018 amounting to rupees 10 lakh. One of the assets falling within the block was sold for rupees 5.5 ... rupees 1.95 lakh b. rupees 2.5 lakh c. rupees 2.25 lakh d. Rs 1.45 lakh

Last Answer : d. Rs 1.45 lakh

Depreciation under ICDS-V shall be charged in accordance with : a) Income Tax Act 1961 b) Companies Act 2013 c) Notified Rate –CBEC d) Straight line over the useful life

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Last Answer : a) Income Tax Act 1961

Which of the following series of discounts is the best for a customer? (A) Successive discounts of 10% ,20%,30% (B) Successive discounts of 20%,20%,20% (C) Successive discounts of 15%,15%,15%,15% (D) Successive discounts of 20%,40% a) A b) B c) C d) D e) A and B

Description : Which of the following series of discounts is the best for a customer? (A) Successive discounts of 10% ,20%,30% (B) Successive discounts of 20%,20%,20% (C) Successive discounts of 15%,15%,15%,15% (D) Successive discounts of 20%,40% a) A b) B c) C d) D e) A and B

Last Answer : consider the price as 100 A = 100 × 0.9 × 0.8 × 0.7 =50.4 B = 100 × 0.8 × 0.8 × 0.8=51.2 C = 100 × 0.85 × 0.85 × 0.85 ×0.85 ~ =52.2 D = 100 × 0.8 × 0.6 =48 We see that the maximum discount of 52% (100-48) is on D, which is the best for a customer. Answer : d

Which of the following series of discounts is the best for a customer? (A) Successive discounts of 10% ,20%,30% (B) Successive discounts of 20%,20%,20% (C) Successive discounts of 15%,15%,15%,15% (D) Successive discounts of 20%,40% a) A b) B c) C d) D e) A and B

Description : Which of the following series of discounts is the best for a customer? (A) Successive discounts of 10% ,20%,30% (B) Successive discounts of 20%,20%,20% (C) Successive discounts of 15%,15%,15%,15% (D) Successive discounts of 20%,40% a) A b) B c) C d) D e) A and B

Last Answer : consider the price as 100 A = 100 × 0.9 × 0.8 × 0.7 =50.4 B = 100 × 0.8 × 0.8 × 0.8=51.2 C = 100 × 0.85 × 0.85 × 0.85 ×0.85 ~ =52.2 D = 100 × 0.8 × 0.6 =48 We see that the maximum discount of 52% (100-48) is on D, which is the best for a customer. Answer : d

Mr. Sachin spent 20% of his monthly income on food and 15% on children’s education. 40% of the remaining he spent on entertainment and transport together and 30% on the medical. He is left with an amount of Rs.8, 775/- after all these expenditures. What is Mr. Sachin’s monthly income ?

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Last Answer : Let the total income of Mr.Sachin be 100 According to question, 100 – 20 –15 = 65 × 60/100 × 70/100 = 27.3. 27.3 = 100 8775 = 100/27.3 × 8775 = Rs. 32142. Answer: e)

If the block of asset ceases to exist on the last day of the previous year, depreciation admissible for block of assets will be: a) Nil b) 50% of the value of the block of assets on the first day of the previous year c) The total value of the block of the assets on the first day of the previous year d) 50% of the value of the block of assets on last day of the previous year

Description : If the block of asset ceases to exist on the last day of the previous year, depreciation admissible for block of assets will be: a) Nil b) 50% of the value of the block of assets on the first day ... of the previous year d) 50% of the value of the block of assets on last day of the previous year

Last Answer : a) Nil

If the asset is revalued then depreciation u/s 98 shall be allowed on a) Original amount b) Revalued Amount c) At fair value of similar asset d) Market Value-Notional Depreciation

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Last Answer : a) Original amount

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Last Answer : c) Written Down value

R, an assessee carries on business in respect of which it holds tenancy rights. It carries out improvements to the said building at a cost of Rs. 2 lakhs and claims depreciation @ 10% thereon. Which one of the following is the correct answer? a) No depreciation will be available, on the grounds that the assessee is not the owner of the building b) Depreciation will be allowed of Rs.20 thousand c) Deduction will be allowed of Rs. 2 Lakh d) The amount of Rs.2.2 lakh will be capitalized

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Last Answer : b) Depreciation will be allowed of Rs.20 thousand

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Description : When my income was $100,000, I paid $10,000 in taxes. When my income became $200,000, I paid $40,000 in taxes. My marginal tax rate is: a. 10% b. 20% c. 30% d. 40%

Last Answer : c. 30%

When my income was $100,000, I paid $10,000 in taxes. When my income became $200,000, I paid $40,000 in taxes. My marginal tax rate is: a. 10% b. 20% c. 30% d. 40%

Description : When my income was $100,000, I paid $10,000 in taxes. When my income became $200,000, I paid $40,000 in taxes. My marginal tax rate is: a. 10% b. 20% c. 30% d. 40%

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Shan bought 30 liters of milk at the rate of Rs.8 per liter. He got it churned after spending Rs.10 and 5kg of cream and 30 liter of toned milk were obtained. If he sold the cream at Rs.30 per kg and toned milk at Rs.4 per liter, his profit in the transaction is: A. 20% B. 8% C. 30% D. 40%

Description : Shan bought 30 liters of milk at the rate of Rs.8 per liter. He got it churned after spending Rs.10 and 5kg of cream and 30 liter of toned milk were obtained. If he sold the cream at Rs.30 per kg and toned milk at Rs.4 per liter, his profit in the transaction is: A. 20% B. 8% C. 30% D. 40%

Last Answer : Answer – B .8% Explanation: CP =Rs.(30 x 8 + 10) = Rs.250 SP = Rs. (30 x 5 + 30 x 4) = Rs.270 Gain% = (20/250 x 100)% = 8%

A person sold an item for Rs. 14280 after giving 15% discount on the labelled price and earned 19% profit on the cost price. What would have been the percentage profit, had he not given the discount? a) 30% b) 34% c) 40% d) 42.5% e) None of these

Description : A person sold an item for Rs. 14280 after giving 15% discount on the labelled price and earned 19% profit on the cost price. What would have been the percentage profit, had he not given the discount? a) 30% b) 34% c) 40% d) 42.5% e) None of these

Last Answer : Labelled price = [(14280×100)/85] = Rs. 16800 Or, 23X/120 = 69/5 Or, X= [(69×120)/(23×5)] = 72km. Answer is: c)

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Last Answer : [ A ] 10% to 15%

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Description : In a batch, 40% of the students offered Maths, 30% offered science and 15% offered both. If a student is selected at random, what is the probability that they has offered science or maths? A) 0.55 B) 0.65 C) 0.45 D) 0.75

Last Answer : Answer: A) P(M) = 0.40 P(S) =0.30 and P(M∩S) = 0.15 P(M∪S) = P(M) + P(S) - P(M∩S) = 0.55

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Last Answer : b) WDV at the time of transfer

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Last Answer : c) Lower of A& B

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Last Answer : c. actual rate effective on date

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Description : How much forests area of countyr should have? A. 15% B. 20% C. 25% D. 30%

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Last Answer : A. 15% Explanation: IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of 15%.

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Last Answer : 20%

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Normally, the tensile strength of concrete is about____________of its compressive strength (a) 10 to 15% (b) 15 to 20% (c) 20 to 25% (d) 25 to 30%

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Last Answer : b. 10%

By what percentage should V2 be greater than VMCA? a. 30% b. 10% c. 20% d. 15%

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Last Answer : b. 10%

For optimum working the slip should not exceed a) 15% b) 20% c) 25% d) 30%

Description : For optimum working the slip should not exceed a) 15% b) 20% c) 25% d) 30%

Last Answer : a) 15%

Radioactive iodine uptake by thyroid gland 24 hours of a test dose is (A) 1.5–15% of the test done (B) 15–20% of the test done (C) 20–40% of the test done (D) 50–70% of the test done

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Last Answer : Answer : C

For the manufacture of Portland cement, the proportions of raw materials used, are (A) Lime 63% ; silica 22% ; other ingredients 15% (B) Lime 22% ; silica 63% ; other ingredients 15% (C) Silica 40% ; lime 40% ; other ingredients 20% (D) Silica 70% ; lime 20% ; other ingredients 10%

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Last Answer : Answer: Option A

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Description : Rankine cycle efficiency in a good steam power station may be in the range between........ a.15% - 20% b.35% - 40% c.50% - 60% d.90% - 95%

Last Answer : b.35% - 40%

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Description : What is the starting awareness percentage of a new product? a. 15% b. 65% c. 40% d. 25% e. 20%

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Last Answer : Answer : A

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Description : In a DNA molecule the thymine concentration is 30%, the guanosine concentration will be (A) 10% (B) 20% (C) 30% (D) 40%

Last Answer : Answer : B

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Description : According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to _________ A. 35% B. 25% C. 20% D. 40% E. 30%

Last Answer : E. 30% Explanation: RBI regulations allow universal banks to invest up 30 per cent in payments banks.

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Description : The bearings of medium series have capacity __________ over the light series. (a) 10 to 20% (b) 20 to 30% (c) 30 to 40% (d) 40 to 50%

Last Answer : (c) 30 to 40%

The bearings of heavy series have capacity __________ over the medium series. (a) 10 to 20% (b) 20 to 30% (c) 30 to 40% (d) 40 to 50%

Description : The bearings of heavy series have capacity __________ over the medium series. (a) 10 to 20% (b) 20 to 30% (c) 30 to 40% (d) 40 to 50%

Last Answer : (b) 20 to 30%

The inland fish production is almost how much % of total fish production in India (a) Over 50% (b) 30% (c) 20% (d) 40%

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Last Answer : (a) Over 50%