Recaptured Depreciation Is Best Described As

question 106

Multiple Choice

Recaptured depreciation is best described as:

• A) The taxable difference between adjusted cost of disposal and UCC, when UCC is smaller.
• B) Using a year's capital losses to offset capital gains in past years.
• C) Using a year's capital losses to offset capital gains in future years.
• D) The difference between UCC and adjusted cost of disposal when the UCC is greater.
• E) When CCA and UCC are equal at the end of an asset's useful life.

---

Definitions:

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the return on investment for savings.

Interest Rate

The portion of a loan subject to interest for the borrower, frequently shown as an annual percentage of the outstanding sum of the loan.

Antique Price

The market value of articles that have high value because of their considerable age and historical significance.

Interest Rate

The percentage of the borrowed sum charged to the borrower as interest, generally represented as an annual rate of the total loan amount.