Which One of the Following Is NOT a Means by Which

question 95

Multiple Choice

Which one of the following is NOT a means by which businesses can be classified?

• A) Size
• B) Profit motive
• C) Profit margin
• D) Sector

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Definitions:

Buildings

Structures, typically permanent and of substantial size, constructed or adapted for various uses, including residential, commercial, or industrial purposes.

Depreciated

Depreciation refers to the accounting practice of spreading out the expense of a physical asset over the duration of its expected lifespan.

Tax Purposes

Considerations or actions taken within financial contexts to optimize tax liability, including strategies for deductions, credits, and structuring transactions.

CCA Rate

Refers to the Capital Cost Allowance rate, which is used in taxation to represent the annual depreciation expense of a physical asset's cost.