CCA amortization schedules have superseded other amortization methods for tax purposes.

Name: CCA amortization schedules have superseded other amortization methods for tax purposes.
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Question

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The Canadian tax system now requires businesses to use the Capital Cost Allowance (CCA) method for amortization of assets for tax purposes. Other methods, such as the declining balance or straight-line methods, are no longer accepted.

CCA Amortization Schedules Have Superseded Other Amortization Methods for Tax