If a firm acquires a depreciable asset on September 1,it can add only one-third of the capital cost of the asset to the undepreciated capital cost (UCC)in the calculation of the capital cost allowance (CCA)for the year.

Question

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If a firm acquires a depreciable asset on September 1, it can add one-half of the capital cost of the asset to the undepreciated capital cost (UCC) in the calculation of the capital cost allowance (CCA) for the year.

If a Firm Acquires a Depreciable Asset on September 1,it