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When there is a disposition of a depreciable asset, there may be recapture of CCA. Another possibility is that a terminal loss may arise. Indicate
When there is a disposition of a depreciable asset, there may be recapture of CCA. Another possibility is that a terminal loss may arise. Indicate the conditions that will result in (1) recapture of CCA, and (2) a terminal loss. Briefly explain why it is important to take care in allocating assets to the appropriate CCA class. When there is a disposition of a depreciable asset, there may be recapture of CCA. Another possibility is that a terminal loss may arise. Indicate the conditions that will result in (1) recapture of CCA, and (2) a terminal loss. Briefly explain why it is important to take care in allocating assets to the appropriate CCA class
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