I bought a computer that I am using 50% for small business and 50% personally. Do I still claim the full price as CCA? or just 50% or...?

[crensch]

I bought an iMac that is sitting at home but I use it quite heavily for accounting, note taking, doing taxes, etc that's business related.

Do I add it as CCA but only write down 50% as the purchase price? Or do I put down the full price? Or is there another solution?

Thanks for your help

[TurboTaxTerry · Accepted solution]

Claim the cost of addition as the representative value for your business use. If 50% is applicable, add the addition at 50% of the actual cost. Then claim the full CCA allowed on the balance going forward.

[crensch]

Hi TTT. thanks for your answer.... I'm not sure though that I understand the last part... claiming the full CCA allowed on the balance going forward.

[TurboTaxTerry]

Once you have set up the 50% then the appropriate UCC will carry forward from year to year and you will not be required to make any further adjustments to the balance.

[crensch]

ok. thank you!

[TurboTaxTerry]

You are welcome.

[KristinaKMN]

@TurboTaxTerry I’m wondering the same thing with my cell phone that I purchased as it is used roughly 25% for business. I bought it for $1000 so I think I should claim it as CCA and not an expense. What do you think? Claim it as CCA with a value of $250 or as an expense of $250? OR do I enter it as CCA with the full value of $1000 and then only claim 25% of the CCA value? (Although I don’t see an option to do this is TurboTax)