Classes of depreciable property

Classes of depreciable property 

Generally, you must group all depreciable property of the same class together. Then, calculate CCA on the undepreciated capital cost of all the property in that class.

 However, sometimes you must to maintain a separate record for each property in the same class. For example, list on a separate line each class 10.1 passenger vehicle.

 Note: The program can limit the number of entries for the same category.

 For more information on the main categories of depreciable properties, please visit the following link:

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance/classes-depreciable-property.html

ID: 20191025152926NIXX.xml

Webpage: KPA320-20191025152926NI.htm

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