Gary Is Preparing a Lecture for His Students on Internet

question 11

Multiple Choice

Gary is preparing a lecture for his students on Internet technology. Gary wants to make sure that his students know precisely which technologies are included in the category of broadband. Which of the following types of Internet connections will he not include in that category?

• A) cable TV
• B) dial-up
• C) fiber-optic
• D) DSL

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Definitions:

Capital Cost Allowance (CCA)

A tax deduction in Canada that represents a business's investment in depreciable properties, allowing for the asset's cost to be written off over its useful life.

Taxable Income

The amount of an individual's or a corporation's income used to determine how much tax is owed to the government in a given tax year.

Fixed Assets

Assets of a long-lasting nature involved in business operations, which are not anticipated to be expended or turned into cash quickly.

Current Assets

Items of value that are projected to be turned into cash, sold off, or consumed either within a year or throughout the length of the business's normal operational cycle, whichever timeframe is greater.