To Effectively Control Materials,a Business Must Maintain

question 54

Multiple Choice

To effectively control materials,a business must maintain:

• A)Limited access.
• B)Combination of duties.
• C)Safety stock.
• D)None of these are correct.

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Definitions:

CCA Rate

Capital Cost Allowance rate, which is the rate at which a business can claim depreciation on certain property types for tax purposes in Canada.

Straight-Line Depreciation

A system for dividing the cost of a solid asset throughout its operational life in equal yearly portions.

Net Advantage to Leasing

A financial analysis metric that compares the costs of leasing to the costs of purchasing an asset, enabling businesses to determine the most cost-effective financing option.

CCA Class

refers to the Capital Cost Allowance Class, a categorization used in Canadian tax to determine the depreciation rate for tax purposes on assets.