A CCA Recapture or Terminal Loss Can Arise When

question 34

Multiple Choice

A CCA recapture or terminal loss can arise when
I.the CCA asset class is terminated
II.assets are sold for less than UCC of asset class
III.assets are sold for more than UCC of asset class

• A)I only
• B)I, II, and III
• C)II or III only
• D)I or III only

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Definitions:

Individuals

Single human beings as distinguished from a group, society, or community, focusing on their unique traits and decisions.

Implicit Racism

subconscious bias or prejudice towards an ethnic or racial group, which influences attitudes, actions, and decisions in an unconscious manner.

Explicit Racism

Openly stated or demonstrated prejudice and discrimination based on race.

Conscious

The state of being awake and aware of one's surroundings and experiences.