Under CERCLA Which of the Following Is True If the EPA

question 15

Multiple Choice

Under CERCLA which of the following is true if the EPA does cleanup work?

• A) The EPA can recover its cleanup costs from responsible parties.
• B) The EPA can recover its cleanup costs only from the present owner only.
• C) The EPA can recover its cleanup costs only from the owner at the time of disposal.
• D) The EPA can recover its cleanup costs from either the present owner or the owner at the time of disposal, but from no one else.

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Definitions:

CCA Rate

The rate of capital cost allowance, which is the amount of depreciation that can be claimed for tax purposes in Canada.

WACC

The method known as Weighted Average Cost of Capital assesses a firm's cost of capital, with a proportional weighting applied to each segment of capital.

Net Investment Cost

The total cost associated with making an investment after subtracting any incentives or credits.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on the income or profits generated.