ACCT-4021EL Lecture Notes - Lecture 4: Capital Cost Allowance, Software, Medical Equipment
Document Summary
Common capital cost allowance classes & their rates: Most buildings acquired after 2007 used in m&p. Equipment & machinery that doesn"t fit in any other class, furniture, photocopiers, fax machines. Automotive equipment, trailers, various mining and movable equipment (anything with 4 wheels), cars and trucks, except for class 10. 1 assets. Computer equipment (including system software) purchased after january 2011. Class 12 assets that the year rule does not apply to: Cutlery or other tableware, kitchen utensils costing under . Class 12 assets that the year rule does apply to: A film or video tape that is a tv commercial message. 2/3 x the annual lease cost x days available. Original cost of the automobile (hst included) x 2% x # of months available. X # of personal kilometers driven in the year. 2/3 x the annual lease cost x days available x # of personal km"s driven in the year.
