Which Statement Is Correct

question 53

Multiple Choice

Which statement is correct?

• A)Undepreciated capital cost (UCC)is the net carrying amount of an asset or asset class for tax purposes.
• B)A deductible temporary difference is a temporary difference that results in future taxable income being more than accounting income.
• C)A terminal loss is the tax loss arising from the sale of an asset for proceeds above its undepreciated capital cost.
• D)Recaptured depreciation is the taxable income recorded for the reversal of previous capital cost allowance when the sale proceeds of an asset are less than its undepreciated capital cost.

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Definitions:

Sometimes-Opponent-Process Theory

A theory suggesting that emotional reactions to a stimulus are followed by opposite emotional reactions under certain conditions.

Conditioning Measures

Techniques and methods used in behavioral psychology to learn or instill new behaviours or responses in an organism through reinforcement or punishment.

Backward Conditioning

A process in classical conditioning where the unconditioned stimulus (US) is presented before the conditioned stimulus (CS), often leading to less effective learning.

CS

Conditional Stimulus; a previously neutral stimulus that, after being paired with an unconditioned stimulus, begins to elicit a conditioned response.