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Assets are grouped into classes with single accounts, the classes get depreciated together. Different classes have different depreciation rate.

Assets may be added to or subtracted from accounts each year.

CCA for any year \(n\) is given as:

\[\text{CCA}_n=\text{UCC}_n\times d\]

Where \(d\) is the CCA rate (depends on the asset class), \(\text{UCC}_n\) is the undepreciated capital cost or book value (BV) of the asset class eligible for depreciation for year \(n\).