Canada, like most taxing authorities, uses different methods for calculating depreciation for tax purposes. The Income Tax Act uses which of the following methods?
A) accelerated amortization
B) straight-line and accelerated amortization
C) straight-line, double declining balance, and accelerated amortization
D) straight-line and declining balance
E) double declining balance and accelerated amortization only
Correct Answer:
Verified
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