Canadian Corporation Tax Question about Depreciation?
canadian corporation tax return, schedule 8 used capital cost allowance (cca).
can confirm if getting correctly:
- buy computer $1000.
- cca depreciation rate computer 30%. depreciation $300 tax purposes. record in schedule 8.
- now, schedule 125 income statement (revenue - expense). record $300 depreciation depreciation expense in scheduel 125 well?
thanks.
for canadian corporation tax return, schedule 8 used capital cost allowance (cca). can confirm if getting correctly: - buy computer $1000. - cca depreciation rate computer 30%. depreciation $300 tax purposes. record in schedule 8. - now,...
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