I add new washer & dryer in area B class 8. (Form T776)
Area A class 8 for depreciation which is 20%. The calculation col 5*6 should be 20% of the amount; I have 0 UCC at begin of the year. However the depreciation amount shows only 10% of the amount instead of 20%. The software calculation is incorrect.
For a year when you add new items to a particular CCA Class, the actual rate of depreciation on the new items is 1/2 the normal rate. In this instance, the depreciation that would be allowed is $194.10 (10% of $1,941.00).
For a year when you add new items to a particular CCA Class, the actual rate of depreciation on the new items is 1/2 the normal rate. In this instance, the depreciation that would be allowed is $194.10 (10% of $1,941.00).
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