Examlex
Which of the following statements are false? (Select all that apply.)
Variable Costs
Costs that change in proportion to the level of activity in a business.
CCA Class
Capital Cost Allowance Class; categories used in Canadian tax law to determine the depreciation rate for tax purposes on tangible and intangible assets.
Depreciation Expense
An accounting method that allocates the cost of a tangible asset over its useful life to account for the decline in its value over time.
Fixed Assets
Durable physical assets owned and utilized by a company in its operations for the purpose of producing revenue.
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