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

Question 23

Multiple Choice

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


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

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