The Book Value of an Asset Will

question 64

Multiple Choice

The book value of an asset will:

• A) Remain constant if the asset is land.
• B) Vary as the market value of the asset varies.
• C) Decrease at a constant rate when CCA depreciation is used.
• D) Increase over the tax life of the asset.
• E) Always decrease faster under straight-line depreciation than under CCA.

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Definitions:

Cell Membrane

The semi-permeable membrane surrounding the cytoplasm of a cell, which regulates entry and exit of substances.

Substances

Materials or items that can have a specific composition and properties, which can range from chemicals to drugs.

Transport

The movement of substances across distances or through cellular structures, such as the transport of nutrients across cell membranes.

Down Syndrome

Down Syndrome is a genetic disorder caused by the presence of all or part of a third copy of chromosome 21, leading to developmental and intellectual delays.