One Who Agrees to Act and Is Authorized to Act

question 19

Short Answer

One who agrees to act and is authorized to act on behalf of another,a principal,to legally bind the principal in particular business transactions with third parties pursuant to an agency relationship is the _______.

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Definitions:

CCA Rate

The Capital Cost Allowance rate refers to the annual depreciation rate that is applicable for tax purposes on a depreciable asset, allowing businesses to write off a portion of the asset's cost over its useful life.

After-Tax Discount Rate

The rate used to discount future cash flows to their present value after accounting for taxes.

Depreciation Tax Shield

A reduction in taxable income resulting from the allowance for depreciation expenses on assets.