The Depreciation Method Currently Allowed Under Canadian Tax Law Governing

question 279

Multiple Choice

The depreciation method currently allowed under Canadian tax law governing the write-off of property under various classifications is called _____ depreciation.

• A) FIFO
• B) CCA
• C) straight-line
• D) sum-of-years digits
• E) curvilinear

Prepare flexible budgets showing variable and fixed costs for different sales volumes.

Understand and compute direct materials price and quantity variances, and interpret them as favorable or unfavorable.

Prepare and understand journal entries for the issuance of direct materials into production.

Compute direct labor rate and efficiency variances, and interpret their implications.