How do I claim a PC computer purchased for my business in 2024?

[sfallsrmt]

I understand the PC is a fixed asset - I just do not understand how to claim fixed assets and want to ensure I am doing this correctly.

[TurboTaxAniqua]

A laptop would fall under CCA class 50 with a rate of 55%. You would not claim the entire value of the asset on the year of the purchase but instead would use a Schedule 8 in your tax return. You would claim it over 3 years due to the half-year rule (year 1 you'd claim 55%/2, year 2 55%, and year 3 the remaining balance).

Thank you for choosing TurboTax.