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Returning Member
posted Oct 31, 2019 3:02:50 AM

I own a martial arts school. I had to buy mats, a storeage (plastic) shed, and a small safe for documents and cash reserves. Please help me categorize these expenses?

Mats $800

Shed $800

Safe $200

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1 Best answer
Moderator
Oct 31, 2019 3:02:52 AM

The shed & the mats you could put in as Class 8 (20%) CCA assets. The safe you can put in as an “Other Expense” or you could put it in with the other Class 8 assets.


1 Replies
Moderator
Oct 31, 2019 3:02:52 AM

The shed & the mats you could put in as Class 8 (20%) CCA assets. The safe you can put in as an “Other Expense” or you could put it in with the other Class 8 assets.