Machinery, Equipment & Vehicles: Includes all machinery and equipment owed by the business. On a corporate financial statement is usually recorded at purchase cost less accumulated depreciation and includes direct purchase and installation expenses.

Mandatory Inventory Adjustment: An adjustment usually made to expenses or net farm income for tax purposes. These adjustments do not reflect actual values of inventory on hand and should not be included in net income calculations for analysis purposes.

Maximum CCA Rate: The maximum allowable rate for the depreciation of capital assets per year. The maximum CCA Rate is defined by CRA.