Thank you for choosing TurboTax. If you have claimed Capital Cost Allowance (CCA) in the past on any of owned assets (vehicle, software, building [*doesn't include land*]) for your business, you will have a number left at the end of the year known as Un-depreciated Capital Cost or UCC.
If this is your first time claiming CCA on that vehicle, you will not have a UCC amount. UCC is the balance of the capital cost left for further depreciation at any given time.
For example, if you claimed the full 30% CCA on a $10,000 vehicle last year, your UCC would be $7,000
( $10,000 - $3,000 = $7,000 UCC)
For more clarification on CCA refer to: Capital cost allowance (CCA) (As per CRA).
Refer to our blog: Recapture of Capital Cost Allowance
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