An Asset Just Purchased,qualifies for a 20% CCA Rate and Qualifies

question 54

Multiple Choice

An asset just purchased,qualifies for a 20% CCA rate and qualifies for a 5% ITC.If the asset cost $60,000 what is the amortization base (UCC) in the second year before CCA is taken?

• A) $54,000
• B) $51,000
• C) $56,000
• D) $48,000

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Definitions:

Constructive Criticism

Feedback provided in a positive way with the intention of improving someone's behavior, work, or performance.

Peripheral Route

A method of persuasion that involves indirect cues, such as the attractiveness or credibility of the source, rather than direct argumentation on the topic itself.

Persuasion

Intentional effort to change other people’s attitudes in order to change their behavior.

Registered Voter

An individual who has officially enrolled on an electoral roll, granting them the right to vote in public elections.