CCA Half-Year Rule Is Best Described As

question 119

Multiple Choice

CCA Half-year rule is best described as:

• A) CRA's requirement to figure CCA on only one-half of an asset's installed cost for its last year of use.
• B) CRS's option to value the assets at one-half of its value for the duration of use.
• C) CRA's option to depreciate the asset over half of its useful life.
• D) CRA's requirement to figure CCA on only one-half of an asset's installed cost for its first year of use.
• E) An accounting rule that is not allowed under CRA requirements.

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