Confu Corp's income statement for the year ended 2015 shows depreciation expense of $25,000.The total amount of CCA claimed in 2015 _____________ $25,000
A) must equal
B) cannot equal
C) need not equal
D) must be less than

Question

Quizplus · Accepted Answer

The question is asking about the CCA claimed, which is not necessarily the same as the depreciation expense. Therefore, the CCA claimed need not equal $25,000.

Confu Corp's Income Statement for the Year Ended 2015 Shows