When a Company Invests in Equipment,it Gets to Immediately Expense

question 93

True/False

When a company invests in equipment,it gets to immediately expense the cost of the equipment on the company's income tax return filed with Canada Customs and Revenue Agency (CCRA).

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Definitions:

Subsidiary

A company controlled by another company, often referred to as the parent company.

Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Non-controlling Interest

A stake in a company that is less than 50%, implying that the holder does not have control over the company's operations.

Equity

The value of an ownership interest in a company, calculated as company assets minus its liabilities and representing the net assets owned by shareholders.