CAF-2 · Chapter 8 · Question 15 of 15
To improve accessibility, a company built a ramp for persons with disabilities at its office entrance. The cost of the ramp was Rs. 200,000. What is the prescribed rate of depreciation for this ramp under the Third Schedule?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) D) 100%
Explanation
The Third Schedule provides a 100% depreciation rate for a ramp built to provide access to persons with disabilities, provided the cost does not exceed Rs. 250,000 each.
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