Choose the correct answer from the codes

Assertion (A): Among all methods of charging depreciation of fixed assets, diminishing balance method is the best method

Reasoning (R): Diminishing balance method of charging depreciation has been permitted under the Income Tax Act, 1961 for claiming deduction for depreciation

A

(A) is correct but (R) is not correct
B

Both (A) and (R) are correct but (R) is not the correct explanation of (A)
C

(A) is incorrect but (R) is correct
D

Both (A) and (R) are correct and (R) is the correct explanation of (A)

Question