ACC 522 Chapter Notes -Software, Pro Rata, Kitchenware

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10% if after march 2007, if 90% of building used for manufacturing/processing. 6% if after march 2007, if used for non- residential purposes. Year rule to original and additional improvements. Manufacturing and processing equipment acquired between march 2007 and december. 2013 apply straight-line cca (25% in first year, 50% in second, rest in third) Limit cca to 30k tax for each pool. No year rule prorated for days. Property used directly or indirectly in the manufacture or processing of goods for sale or leased. Computer equipment and systems software acquired between march 2007 and jan 2009, and after jan 2011. March 2007, use cca rate of 45%, and placed in class 45. Separate class for items over , when sold = terminal loss. Acquired before feb 2011, or after jan 2009. Eligible capital property (intangibles with unlimited life) goodwill (purchased), trademarks, customer lists, incorporation costs, franchises.

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