Group Assets - can future-added assets use bonus depreciation?
We would like to utilize the Group Asset functionality for our Canada and UK assets.
Assume a Group Asset currently has 10 member assets, and the group's Depr Method is 20% NBV. Member asset #11 will be added to the Group Asset. Member asset #11 is allowed 150% bonus depreciation in its first year. Is this scenario possible with Group Assets.
Each asset pool has its own rate applied so for example, Office Equipment is depreciated at a rate of 20%. If there are assets added to the pool in a given year, 150% depreciation is allowed on that asset. For example:
Beginning balance: 100,000