COMM 319 Lecture Notes - Lecture 6: Film Rights, Photocopier, Application Software

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Tangible things: land, cars, trucks, buildings. Lease hold: you get a shell and what you put in it is depreciable. Only becomes depreciable when it is available for use. Can"t claim it until it is available for use. Pool assets the ones that look the same. Restricted to class 1 to class 52. Class 12: property not in any other class other crap < : a book that part of a lending library, chinaware/cutlery, mine shaft, linen. Regulation 111: each pool has its own rate of depreciation: do not have to memorize rates. Pooled assets: 20x1 buy ,000 x x 20%, class 8 (20%), 10,000 (1,000) = 9000 year: 20x2 cca 20% 9000. 9000 - (1800) = 7200 end of year: 20x3 sell proceed of deposition (pod) for . This 2,200 is a terminal loss cost allowance you haven"t yet taken: take this balance and reduce your business income with it.

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