Hello,
Please, advise for how long I could claim CCA. E.g., If I bought a computer that would be class 50 for $3,000. In the accounting straight-line depreciation it could be 3 years ($1,000 per year) with a $0 residual. For CCA however it would be 1/2 x 55% x $3,000 for the first year, then 55% for the second one. Could it go beyond the 3 years in the accounting strait-line approach? If yes then for how long as theoretically it would never be zero. Could the accounting approach be 3 years but for the CCA I could claim the expenses for e.g. 5 years?
What CCA would be in the last year? Is it again 1/2 year rule?
Thanks
