Class Opening
UCC
M&P1 290000
Other 1
8 97000
10 75000
13
50 240000
53 630000
Class 13 each expenditure separately
Improvement
remaining life in
lease + renewal
3(b) vehicle Annual amount
POD 16000
ACB 24000 first year
O&E 0
0
cannot have a capital
loss on depreciable
property
Deduct: Recapture TermLoss
lesser of J + K - L occurs occurs (K - L, if any) M + P QxR
cost or when M when all divide by 2
proceeds is negative assets gone
Additions Dispositions Revised Recapture Terminal AccII Adjusted CCA CCA
UCC Loss UCC Rate claimed
290000 0 290000 10% 29000
275000 275000 137500 412500 6% 24750
97000 0 97000 20% 19400
30000 16000 89000 7000 96000 30% 28800
140000 140000 70000 210000 *s/l 30000
90000 330000 45000 375000 55% 206250
630000 0 630000 50% 315000
CCA expensed 653200
each expenditure separately
Improvement 140000
remaining life in
lease + renewal 7
Annual amount 20000
AccII x 1.5
30000
M-S
Ending
UCC
261000
250250
77600
60200
110000
123750
315000
Deduct: Recapture TermLoss
lesser of occurs occurs
cost or when E when all
proceeds is negative assets gone
Class Opening Additions Dispositions Revised Recapture Terminal AccII
UCC UCC Loss 1/2 yr rule
1 75264 80000 -4736 4736
10 0 24,500 24500 12250
17 7065 7000 65 -65
4736 -65
business business
income expense
3 a) 3 a)
Adjusted CCA CCA Ending
UCC Rate claimed UCC
0 6% 0 0
36750 30% 11025 13475
0 8% 0 0
11025
business
expense
3 a)
Beginning
Class UCC Additions
1 115,000
8 40,000
10 50,000 12,000
10.1 8,000
10.1 30,000
14 3,974
13 100,000
Class 14 Calculate daily CCA rate
Reconciliation Schedule (partial)
Accounting Net Income
Add: Recapture
Amortization
Loss on disposition of ass
Assets sold
Building Class 8
POD 150000 4000
ACB 275000 4500
Cannot have a capital loss on a deprecia
Query for client
Income Statement
Other Incom Note 7
Note 7 loss on sale of assets
Capital assets 2. Sold building for 150,000, NBV 18
Deduct: lesserL=I+J-K O=.5(J-K. P=L+M-N+O S=L-R
cost or proce Revised Terminal if any) Adjusted CCA Ending
Disposals UCC Recapture Loss AccII UCC Rate CCA UCC
(150,000) (35,000) 35,000 - 6% - -
(4,000) 36,000 36,000 20% 7,200 28,800
(14,000) 48,000 48,000 30% 14,400 33,600
(6,000) - - - - 30% 1,200 -
30,000 15,000 45,000 30% 13,500 16,500
3,974 3,974 s/l 3,974 -
100,000 50,000 150,000 s/l 15,000 85,000
35,000 55,274
21.95389682 16,026 UCC remaining at Jan 1, 2019 3,974
183000
35,000 Deduct: CCA 55,274
42,000
5,900
Class 10 Class 10.1
14000 6000
17000 40000
capital loss on a depreciable asset
25000
5900
ding for 150,000, NBV 180,000 = loss on sale of building $30,000; where is this reported?
Class
8
10.1
12
50
245 365 0.671233
UCC add deduct UCC recapture TermLoss 1/2 yr rule AII UCC Rate
0 50000 50000 25000 75000 20%
0 30000 30000 15000 45000 30%
0 6200 6200 6200 100%
0 5000 5000 2500 7500 55%
CCA UCC
10068 39932
9062 20938
6200 0
2769 2231
28099