This discussion focuses on the differences between accounting depreciation and amortization and capital cost allowance (CCA) for tax purposes.Using the Income Tax Act, other course materials and the Internet, conduct the following research:Review the fundamentals of the capital cost allowance (CCA) system.Conduct some online research for news articles and research papers on the complexity of the capital cost allowance (CCA) system in Canada and whether this level of complexity is necessary and aligned with the fundamental principles of the Canadian tax system as a whole.Accounting depreciation and/or amortization is a similar concept to capital cost allowance for tax purposes. Briefly describe the similarities and differences between capital cost allowance for tax purposes and accounting depreciation and amortization methods.Based on the concepts learned in this lesson and on your online research, do you think that the capital cost allowance system in Canada are overly complex? Briefly support your answer with facts and/or examples.