Four-Cylinder, In-Line, Gasoline Engines Are Used Less Frequently in Modern

question 34

True/False

Four-cylinder, in-line, gasoline engines are used less frequently in modern cars because of the block's weight and size.

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Definitions:

CCA Class

Categories within the Capital Cost Allowance system that group assets with similar useful lives for the purpose of depreciation.

Resale Value

The estimated market value of an asset at the end of its useful life or lease term.

Depreciation Tax Shield

The reduction in income tax expense that results from the depreciation expense on capital assets, allowing companies to save money on taxes.

Marginal Tax Rates

The rate of tax applied to the last dollar of income, which can vary depending on the income level and filing status of an individual or entity.