Does CCA for a rental property continue to reduce each year until down to $0?
purchased a fridge in 2018 for 1319.22 and had a CCA for the year of 263.84. I am wondering for this year (2019) how does the CCA for this work or is it done?
Does CCA for a rental property continue to reduce each year until down to $0?
As long as you have "appliances" as in your case in the rental unit you will claim what the appliance is worth (the value of it each year) under CCA, then the calculations will be automatically done for you.
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