Under Canadian GAAP,

Name: Under Canadian GAAP,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Capital cost allowance (CCA) is a tax-related item that allows businesses to depreciate the cost of their assets over time for income tax purposes. While CCA can impact the tax implications of a capital budgeting decision, it is usually not used in the actual budgeting process. Instead, GAAP focuses on determining the appropriate allocation of costs to fixed assets and recognizing depreciation expense over time.