If a company attempts to take CCA in excess of its UCC balance for the asset class in question, this would result in:

Question

Quizplus · Accepted Answer

Taking CCA in excess of the UCC balance for an asset class would result in recaptured CCA, regardless of whether the asset class is being terminated or not. Recaptured CCA is the amount of CCA previously claimed in excess of the UCC balance, and it must be added back to the taxpayer's income in the year the excess CCA is claimed.

If a Company Attempts to Take CCA in Excess of Its