Fixed Assets - EBS (MOSC)

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Tax Books for Canada

edited Nov 3, 2011 11:55AM in Fixed Assets - EBS (MOSC) 11 commentsAnswered
We have corporate Canada book.  We need to setup tax books for Canada following the CCA rates.  Has anyone setup tax book for Canada in 11.5.9?

I think we should use the flat rate depreciation method since there is no life concept in Canada tax books.  An asset depreciates as per a rate till the NBV becomes zero, however long it takes.

Also there is a 50% rule for additions(only)  for certain categories.  How do you take care of this.  Should we do  formula depreciation method or is there any other way for it?

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