If the sale of an asset results in income from a recapture of CCA, is it necessary

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If the sale of an asset results in income from a recapture of CCA, is it necessary to acquire another asset in the same year in order to avoid the recapture? Explain.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:06 AM

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If the sale of an asset results in income from a recapture of CCA, is it necessary

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Normally to avoid or reduce a recapture of capital cost allo...View the full answer

Canadian Income Taxation Planning And Decision Making

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