Multiple Choice
The maximum capital cost allowance CCA) that may be deducted for new assets is:
A) the same as the amortization calculated for the year.
B) restricted by the residual value.
C) restricted to 50% of the normal amount.
D) is the annual amount prorated based on when during the year the asset was purchased.
Correct Answer:
Verified
Correct Answer:
Verified
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