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How do you post a question when I don't know what 15 characters and 3 words means and it won't let me post?

how do i enter cca for class 13 leasehold imp over 10,9,8, and 3 years?

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Accepted Solutions

How do you post a question when I don't know what 15 characters and 3 words means and it won't let me post?

Most leasehold improvements are depreciated as straight-line over a period of 5 years.  Your 10 year old, 9 year old and 8 year old improvements would have been fully depreciated long ago.  There is no purpose in entering them now.  The 3 year old item might best be handled by a T1 adjustment to apply it to the years to the relevant tax years.

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1 Reply

How do you post a question when I don't know what 15 characters and 3 words means and it won't let me post?

Most leasehold improvements are depreciated as straight-line over a period of 5 years.  Your 10 year old, 9 year old and 8 year old improvements would have been fully depreciated long ago.  There is no purpose in entering them now.  The 3 year old item might best be handled by a T1 adjustment to apply it to the years to the relevant tax years.