A $40,000 Asset Was Purchased and Classified as a Class

question 163

Multiple Choice

A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If the CCA rate is 30%, calculate UCC for the end of year 1.

• A) $7,800
• B) $10,200
• C) $34,000
• D) $6,000
• E) $12,000

---

Definitions:

Increasing Scatter

A trend where data points spread out over a larger range, indicating higher variability in the data set.

Re-express

A statistical technique used to transform data in order to make its distribution more closely approximate the normal distribution, improving the interpretability or analysis.

Linear Relationship

A relationship between two variables where the change in one variable is directly proportional to the change in another variable.

Chocolate Consumed

The amount of chocolate intake by an individual or group over a specified period.