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What are the two methods of programming used by Access?
CCA Rate
The Capital Cost Allowance (CCA) rate refers to the percentage rate at which a business can claim depreciation on certain property types for tax purposes in Canada.
Net Advantage to Leasing
This is a calculation used to determine if leasing an asset is a more cost-effective option than purchasing it outright, taking into account all the costs and benefits associated with leasing.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in an even manner.
Depreciation Tax Shield
The tax savings achieved by a company from the deductible expenses of depreciation, reducing its taxable income.
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