What is a tax-deductible expense when considering a lease or buy option?
A) the capital cost allowance
B) future taxes payable
C) the asset appreciation
D) the principal on the loan

Question

Quizplus · Accepted Answer

The capital cost allowance is a tax-deductible expense, allowing businesses to write off the depreciation of an asset over time, which is relevant when considering the financial implications of leasing or buying an asset.

What Is a Tax-Deductible Expense When Considering a Lease or Buy