The Income Tax Act requires that companies use a declining-balance method for calculating the maximum capital cost allowance that may be claimed in any period True False Question 81 (0.5 points) On January 1, 2019, a $60,000, 6%, 6-year installment note payable is issued by the Asada Corporation. The note requires that $10,000 of principal plus accrued interest be paid at the end of each year (December 31). The journal entry to record the second annual payment would include A debit to Interest Expense for $3,600 A