The Amortization Expense May Be Used for ________ but for ________,The

Multiple Choice

The amortization expense may be used for ________ but for ________,the Canada Revenue Agency (CRA) requires companies to use Capital Cost Allowance (CCA) as tax version of amortization.

A) assets valuation; financial reporting purposes
B) tax purposes; financial reporting purposes
C) financial reporting purposes; tax purposes
D) income statement; balance sheet