Question 25: Which of the following statements with respect to terminal losses is NOT correct? A. Terminal losses are deducted in full in the determination of Net Business Income B. A terminal loss occurs when there are no assets left in the Class and there is a negative balance in the Class at the end of the year C. If assets remain in a CCA Class, there will not be a terminal loss in that Class D. Terminal losses are deducted from the ending UCC to leave a balance in the Class of nil Question 26: Which of the following statements regarding recapture is correct? A. Recapture is deductible in the calculation of business income B. Recapture occurs when there is a negative UCC balance in a class at the end of the taxation year, even if there are assets remaining in the class C. Recapture occurs when there is a positive UCC balance in a class and there are no assets in the class D. Recapture occurs when there is a positive UCC balance in a class at the end of the taxation year, even if there are assets remaining in the class Question 27: Of the following pairs of terms, which pairs represents terms that a analogous for accounting work and for tax work? A. Capital Cost and Amortization B. Amortization and Capital Cost Allowance C. Undepreciated Capital Cost and Acquisition Cost D. Capital Cost and Net Book Value