Under the Capital Cost Allowance System

question 88

Multiple Choice

Under the capital cost allowance system:

• A) the life span over which an asset may be amortized is fixed at five years.
• B) all assets are amortized down to their salvage value.
• C) recovery periods for different types of assets are broken down into categories.
• D) the tax effect of accounting depreciation is included.

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Definitions:

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