An Asset Just Purchased,qualifies for a 20% CCA Rate and Qualifies

question 54

Multiple Choice

An asset just purchased,qualifies for a 20% CCA rate and qualifies for a 5% ITC.If the asset cost $60,000 what is the amortization base (UCC) in the second year before CCA is taken?

• A) $54,000
• B) $51,000
• C) $56,000
• D) $48,000

Comprehend the influence of behavioral sciences on organizational behavior.

Understand the basic concepts of Gross Domestic Product (GDP) and its components.

Differentiate between nominal GDP and real GDP and understand the implications of changes in each.

Comprehend the significance of the GDP deflator and inflation in the economic context.

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Definitions:

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or use in production.

Team Selling

A collaborative approach to sales where multiple individuals work together to close deals, often used in complex or high-value sales processes.

Servicing Major Customers

The process or strategy of providing support and maintaining relationships with key or large volume clients to ensure customer satisfaction and loyalty.

Professionals

Individuals who possess specialized knowledge, skills, and often certifications in a particular field or industry, and engage in related activities as a major occupation.