The San Andreas Fault Is Still Active Today as the Northwest

question 64

Multiple Choice

The San Andreas fault is still active today as the northwest moving

• A)North American Plate grinds against the southwest moving Pacific Plate.
• B)Pacific Plate grinds against the southwest moving North American Plate.

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Definitions:

Capital Cost Allowance

A taxable expense in Canada that allows a business to deduct the cost of a capital asset over time.

Half-Year Rule

A tax rule in some jurisdictions that allows only half the usual depreciation expense deduction in the year that a capital asset is acquired.

Straight-Line

A method of calculating depreciation of an asset which assumes the asset depreciates equally over its useful life.

Tax Basis

The value of an asset for tax purposes, used to calculate capital gains or losses upon disposition of the asset.