Under CCA, an Asset Which Originally Cost $100,000, Incurred Installation

question 119

Multiple Choice

Under CCA, an asset which originally cost $100,000, incurred installation costs of $10,000, and hasan estimated salvage value of $25,000, is being depreciated using a 30% CCA rate. What is thedepreciation expense in year 1?

• A) $16,500
• B) $11,250
• C) $15,000
• D) $12,750

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Definitions:

Self-promotion

The act of highlighting one’s own skills, achievements, or qualities to advance personal or professional interests.

Influence

The ability to influence the personality, growth, or actions of an individual or entity.

Two-Stage Attribution Model

A psychological theory that describes how individuals infer the causes of their own or others' behavior in two steps: first identifying the behavior, then attributing it to internal or external causes.

Manager

An individual responsible for controlling or administering an organization or group of staff.