Answer Happy

Which of the following describes a tax consequence on the
disposal of depreciable property?
Multiple Choice
If the selling price exceeds the original cost, a recapture
would be recognized.
If the selling price exceeds the original cost, a capital gain
would be recognized.
If, at the end of the taxation year, all assets in a class have
been disposed of, but a balance remains in the pool, the balance
would continue to be deducted as CCA.
If, at the end of a fiscal year, the balance of the pool is
negative, the balance would be deducted from business income.