The Distance Between Halifax and London UK________ Each Year Due

question 68

Multiple Choice

The distance between Halifax and London UK________ each year due to plate movements.

• A) increases two metres
• B) increases two centimetres
• C) decreases eight meters
• D) decreases two centimetres

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Definitions:

Financial Lease

A type of lease wherein the lessee has possession and control of an asset during its significant life but does not own the asset, effectively treating it as a loan with asset as collateral.

CRA

In the context of Canadian taxation, CRA stands for Canada Revenue Agency, the federal agency responsible for tax collection and enforcement.

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset.