A corporation with a December 31st year-end begins its operations on July 1st, 2018. It has acquired $50,000 of Class 8 assets on this date. The maximum CCA for its fiscal year ending December 31st, 2018 is $5,000. a) True b) False Question 2 (1 point) Which of the following statements regarding recapture is correct? a) Recapture occurs when there is a positive UCC balance in a class and there are no assets in the class. b) Recapture is deductible in the calculation of business income. Oc) Recapture occurs when there is a positive UCC balance in a class, even if there are assets remaining in the class. d) Recapture occurs when there is a negative Undepreciated Capital Cost (UCC) balance in a Capital Cost Allowance (CCA) Class, even if there are assets remaining in the class. Question 3 (1 point) The deduction of CCA cannot be used to create or increase a net business loss on a T1 Return. a) True b) False Question 4 (1 point)