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In the CCA System "The Half-Year Rule" Implies

Question 18

Multiple Choice

In the CCA system "the half-year rule" implies

A) that a firm can depreciate half the remaining capital cost of an asset in any given year after the asset is purchased.
B) that a firm can depreciate half the capital cost of an asset during the first half a year the asset is purchased.
C) that a firm can depreciate the capital cost of an asset during the first half a year the asset is purchased.
D) that a firm can depreciate half the capital cost of a new asset in the year the asset is purchased.
E) that a firm cannot depreciate the capital cost of an asset for at least half a year after the asset is purchased.

Correct Answer: