When an asset is sold, the difference between its salvage value and ending UCC remains in the asset pool and continues to create CCA tax shields for Blank______. Multiple choice question. as long as the pool continues for seven years for one year for three years

When an asset is sold, the difference between its salvage value and ending UCC remains in the asset pool and continues to create CCA tax shields for Blank______. Multiple choice question. as long as the pool continues for seven years for one year for three years

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter4: Additional Income And The Qualified Business Income Deduction

Section: Chapter Questions

Problem 15MCQ

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Question

When an asset is sold, the difference between its salvage value and ending UCC remains in the asset pool and continues to create CCA tax shields for Blank______.

Multiple choice question.

as long as the pool continues

for seven years

for one year

for three years

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