Q1. Which of the following methods are considered as most favourable to production organizations liable for Taxation?
- (1) Straight line method of depreciation
- (2) Declining balance method of depreciation
- (3) Sum of the years digits method of depreciation
- (4) Sinking fund method of depreciation
- (a) 1 and 2
- (b) 2 and 3
- (c) 3 and 4
- (d) 4 and 1