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If a company has a negative UCC balance, then the company: Multiple Choice Can claim the amount as a tax deductible expense. Should use the
If a company has a negative UCC balance, then the company:
Multiple Choice
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Can claim the amount as a tax deductible expense.
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Should use the negative amount as a future tax loss.
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Should sell off all items in the asset pool.
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Must add the amount (as a positive number) to their taxable income.
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Can calculate CCA for the year using the negative balance.
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