I bought a new car this year and kept the old one. What would be the disposition price for the old car

[c-dcunha]

I am employed.

[Delphision · Accepted solution]

If you wish to remove it as an asset, as you do not use it any more for business, you need to show a disposal at market value.  This is a deemed sale due to change of use.  You can look on the internet for a price of a comparable vehicle.  If you claimed GST on it at the time of purchase, you will need to repay the difference between the purchase price and the disposition value.