Solved: Hello, can you tell me where I would input iPad pu...

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Hello, can you tell me where I would input iPad purchase I made for my company? Is says not to add to office supplies but don't get CCA for other than land, etc. Thanks!

 
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New Member

Hello, can you tell me where I would input iPad purchase I made for my company? Is says not to add to office supplies but don't get CCA for other than land, etc. Thanks!

CCA is based on the expected useful life of any product.  iPads come and go and become obsolete quickly.  They would not be added as an asset .  CCA is never taken on land itself.  You cannot depreciate land.  You can only depreciate the building on the land.  It isn't mandatory to have company assets or to depreciate them. 

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New Member

Hello, can you tell me where I would input iPad purchase I made for my company? Is says not to add to office supplies but don't get CCA for other than land, etc. Thanks!

CCA is based on the expected useful life of any product.  iPads come and go and become obsolete quickly.  They would not be added as an asset .  CCA is never taken on land itself.  You cannot depreciate land.  You can only depreciate the building on the land.  It isn't mandatory to have company assets or to depreciate them. 

View solution in original post

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New Member

Hello, can you tell me where I would input iPad purchase I made for my company? Is says not to add to office supplies but don't get CCA for other than land, etc. Thanks!

Thank you for your reply, where would I then add the iPad under, office supplies? Thanks!
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New Member

Hello, can you tell me where I would input iPad purchase I made for my company? Is says not to add to office supplies but don't get CCA for other than land, etc. Thanks!

Yes, that would be appropriate, or under telephone and communications, if you use it that way.  They are similar in utility and cost as a cellphone, which would not be added as an asset either.
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New Member

Hello, can you tell me where I would input iPad purchase I made for my company? Is says not to add to office supplies but don't get CCA for other than land, etc. Thanks!

Ok thank you so much!
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