The use of straight-line depreciation is permitted by the Canada Revenue Agency for all assets.

Name: The use of straight-line depreciation is permitted by the Canada Revenue Agency for all assets.
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The Canada Revenue Agency (CRA) does not permit the use of straight-line depreciation for all assets. Instead, it requires the use of the Capital Cost Allowance (CCA) system, which is a form of declining balance depreciation for tax purposes.

The Use of Straight-Line Depreciation Is Permitted by the Canada