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Reducing CCA Is One Tax Strategy That a Company May

Question 65

Multiple Choice

Reducing CCA is one tax strategy that a company may employ.All of the following are true except:


A) CCA not claimed in one year is only partially lost for deferred years.
B) Minimizing CCA can create taxable income so that losses may be used.
C) CCA may be eliminated in the carry forward years.
D) Returns may be amended for the previous three years.

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