CCA Half-Year Rule Is Best Described As

question 59

Multiple Choice

CCA Half-year rule is best described as:

• A) CRA's requirement to figure CCA on only one-half of an asset's installed cost for its last year of use.
• B) CRS's option to value the assets at one-half of its value for the duration of use.
• C) CRA's option to depreciate the asset over half of its useful life.
• D) CRA's requirement to figure CCA on only one-half of an asset's installed cost for its first year of use.
• E) An accounting rule that is not allowed under CRA requirements.

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Definitions:

Resource Allocation

The process of distributing available resources among various projects, departments, or units within an organization to maximize efficiency and effectiveness.

Perceptions

The way in which something is regarded, understood, or interpreted by an individual or group.

Habit

A regular practice or routine that is hard to give up, often performed unconsciously.

Power And Influence

The ability of an individual or group to affect or change the behavior, opinions, or course of events.