The Maximum Capital Cost Allowance CCA) That May Be Deducted

question 38

Multiple Choice

The maximum capital cost allowance CCA) that may be deducted for new assets is:

• A)the same as the amortization calculated for the year.
• B)restricted by the residual value.
• C)restricted to 50% of the normal amount.
• D)is the annual amount prorated based on when during the year the asset was purchased.

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Definitions:

In-Group Goals

Objectives or targets shared by members of a group that identify with each other and perceive themselves as part of the same group.

Big Five

A model in psychology that outlines five major dimensions of human personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Emotional Stability

A personality trait characterized by the consistency of one's emotional state and a low propensity to experience negative emotions under stress.

Openness

A quality of being willing to consider new ideas, experiences, and information without prejudice.