Question 43 (2 points) Which of the following is not true about Capital Cost Allowance (CCA) in Canada? The formula for calculating the present value of the CCA tax shield treats the tax shield as a declining perpetuity. Depreciable assets are grouped into specified asset classes, which each have a specified CCA rate. The CCA is the amount of write-off on depreciable assets allowed by the Canada Revenue Agency against taxable income. Assets can continue to generate CCA tax shields over an infinite time frame. Most assets use a straight-line depreciation method for computing CCA