The Income Tax Act Classifies Every Amortizable Asset into One

question 107

True/False

The Income Tax Act classifies every amortizable asset into one of several classes.

---

Definitions:

Calories

A measure of energy, often used to quantify the energy value of foods and the energy expenditure of physical activities.

Gross Motor Skills

Abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.

Hopping

Hopping is a form of locomotion or movement involving leaping off one foot and landing on the same foot, often seen in both playful activities and as a developmental milestone in children.

Jumping

A physical action involving propelling oneself off the ground using one's legs, resulting in momentarily leaving the ground.