Why does the canada revenue agency not allow

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Question 1. Why would a financial institution like a bank be interested in a company's Cash Flow Statement? What does it show?

Question 2. Why does the Canada Revenue Agency (CRA) not allow you to deduct the entire cost of a newly purchased capital item like a vehicle or computer in the year it was purchased for tax purposes? What is the accounting term called for this partial deduction approach?

Reference no: EM133343635

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