In all cases, the acquisition of a new asset in a particular class will result in the

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“In all cases, the acquisition of a new asset in a particular class will result in the reduction of the normal maximum rate of CCA by one-half in the year of purchase.” Is this statement true? Explain.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:06 AM

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In all cases, the acquisition of a new asset in a particular class will result in the

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The statement is not true Although it is true that there is a 12 rule for new acquisitions it do...View the full answer

Canadian Income Taxation Planning And Decision Making

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