Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accountancy Balance sheet statement Assets & Liabilities
Under the Income Tax Act, 1961 “block of assets” for the purpose of charging depreciation means :
1
Value of all the assets after depreciation
2
Value of all tangible assets after charging depreciation
3
Value of all those assets to which one rate of depreciation is applicable
4
Gross value of machinery and plant less accumulated depreciation