Which of the statement s is are true in context of...

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Which of the statement/s is/are true in context of methods of depreciation?

A. The methods of depreciation as per Companies Act, 2013, based on useful life of assets are straight line method, written down value method and unit of production method

B. Methods of depreciation as per Income Tax Act, 1961, based on specified rates are written down value method (block wise) and straight-line method for power generating units

C. Both A and B

D. None of the above

Answer: Option C


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