Multiple Choice
The book value of an asset will:
A) Remain constant if the asset is land.
B) Vary as the market value of the asset varies.
C) Decrease at a constant rate when CCA depreciation is used.
D) Increase over the tax life of the asset.
E) Always decrease faster under straight-line depreciation than under CCA.
Correct Answer:
Verified
Correct Answer:
Verified
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