Fixed Assets - EBS (MOSC)

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ITC

edited Jul 22, 2009 10:39AM in Fixed Assets - EBS (MOSC) 1 commentAnswered
 11.5.10.02

Hi all

1. Is the ITC a one time adjustment in the system or periodic?

2. Can ITC be used instead of initial allowances?

3. When  transfers and reclassifications are done, does the tax book (and corporate book ) automatically recalculate the depreciation/allowance from inception where the reclassification of an asset is between asset classes attracting different depreciation rates?

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