Which of the following statements regarding CCA is true?
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Although CCA is a cash expense, it plays no role in capital budgeting.
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The CCA deduction is equal to the year-end UCC for the pool to the power of the mandated CCA rate.
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CCA uses a specific mandated CCA rate for each asset class.
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CCA allows that the net capital cost of an asset is added to the pool in the year after the asset is put in use.