A Firm Has Recently Purchased Class 10 Equipment for $100,000

question 294

Multiple Choice

A firm has recently purchased Class 10 equipment for $100,000 with a CCA rate of 30%. Under the half-year rule, what is the amount of depreciation that the firm can claim as a tax-deductible expense in the second year?

• A) $30,000
• B) $15,000
• C) $42,000
• D) $25,500
• E) $45,000

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Definitions:

Developmental

Relating to the systematic changes and continuities in the individual that occur between conception and death, including physical, cognitive, and social-emotional growth.

Fundamental

Relating to the most basic, essential or central aspects of something.

Luthans And Avolio's

Refers to researchers Fred Luthans and Bruce J. Avolio, known for their work in positive organizational behavior and authentic leadership.

Compassion

A deep awareness of and sympathy for another's suffering, combined with a desire to alleviate that suffering.