Which of the Following Types of Easement Is Also Called

question 93

Multiple Choice

Which of the following types of easement is also called easement by necessity?

• A) negative easement
• B) easement by prescription
• C) easement by reservation
• D) natural easement
• E) functional easement

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Definitions:

CCA Class

Refers to the classification of tangible property under the Canadian Capital Cost Allowance for purposes of tax depreciation.

Tax Rate

The cut of income taxed from individuals and corporations.

Book Value

The net value of a company's assets minus its liabilities, often used to determine a company's financial health.

Terminal Value

The estimated value of a business or project beyond the explicit forecast period, often assumed to have a steady growth rate.