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Canada (161,621)
Accounting (533)
ACC 522 (18)
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CCA Chart.docx

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Department
Accounting
Course
ACC 522
Professor
Antoinette Vena
Semester
Fall

Description
Class 1 (4%) Class 3 (5%) Class 8 (20%) Buildings after 1987 Building acquired before 1988 Equipment ½ year rule Machinery Photocopiers 10% if after March 2007, if 90% of building Facsimile machines used for manufacturing/processing ½ year rule 6% if after March 2007, if used for non- Separate class for items over $1000, when residential purposes sold = terminal loss Class 10 (30%) Class 10.1 (30%) Class 12 (100%) Vehicles Vehicles over 30k – luxury cars Small tools (less than $500), books Automotive equipment ½ year rule upon acquisition and disposal Uniforms Movable equipment Assets not pooled Cutlery and kitchenware ½ year rule No recapture or terminal loss Computer software Limit CCA to 30K tax for each pool ½ year rule Class 13 Class 14 Class 17 (8%) Improvements made to leased premises Franchises, licences with limited legal life Parking area (including paving roads and ½ year rule to origina
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