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SSC CGL 2020 PYQ — Question 29

SSC CGL - 5th March 2020 Shift 2 • General Awareness • Q29

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Depreciation is an annual allowance for the wear and tear of _________.

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Capital goods.

  • Depreciation is a tax deduction for taxpayers to regain the cost or other basis of certain property.
  • It is an annual allowance for the use of a property that has damage, wear and tear or deterioration.