When assets are sold from a CCA pool:
A)other assets' values increase.
B)the assets sold continue in the pool.
C)a new rate is used in the pool.
D)the remaining pool is subject to the net acquisitions rule.

Question

Quizplus · Accepted Answer

When assets are sold from a Capital Cost Allowance (CCA) pool, the proceeds from the sale reduce the total value of the pool, and the remaining assets in the pool are subject to the net acquisitions rule, which adjusts the pool's balance for the calculation of future CCA claims.

When Assets Are Sold from a CCA Pool