When Canadian Firms Need to Determine the Asset Class and the Relevant

question 4

Multiple Choice

When Canadian firms need to determine the asset class and the relevant CCA rate,they can find the necessary information from

• A) the Canadian Generally Accepted Accounting Principles (GAAP).
• B) the Canadian Revenue Agency (CRA).
• C) the respective provincial government's office.
• D) the International Financial Report Standard (IFRS).

---

Definitions:

Relapse

A return to a previous state of disease or negative behavior after a period of improvement.

Maintenance Stage

A phase in the behavior change process where individuals work to sustain new behaviors and avoid relapse.

Action/Willpower Stage

A stage in behavior change models focusing on the active effort to modify a habit or behavior through determination and self-control.

Preparation/Determination Stage

A phase in the Transtheoretical Model of change where individuals intend to take action to address a behavior or issue within the next 30 days.