Depreciation Tools

How to move an Asset from “Motor Vehicle” to “General Pool”
This feature allows to write off the remaining balance on the current year. The user has an option: a. Sell/dispose the existing asset. b. Transfer the a...
Thu, 26 Nov, 2020 at 11:27 AM
How to move an Asset from “Motor Vehicle” to “Low Value Pool”
Low Value Pool (LVP) is a method of depreciating plant items at a higher rate in order to maximise deductions. A low-cost asset is a depreciating asset who...
Wed, 3 Nov, 2021 at 12:28 PM
How to move an Asset from “Plant and Equipment” to “General Pool”
Example: Client has existing asset under "Plant and Equipment" and they want to close out the depreciation for the current year. Solution: Mo...
Thu, 26 Nov, 2020 at 12:55 PM
CTR Depreciation: Gain Loss for Company Tax Return
This video demonstrates methods for -  Setting a start date. Learn more Configuring a depreciation group (in this example for motor vehicle de...
Sun, 25 Jul, 2021 at 12:40 AM
CTR Depreciation: Using Immediate Write Off in Company Tax Return
This video demonstrates methods for -  Adding the Immediate Write Off Group Adding the asset to the group Including the immediate write off in...
Sun, 25 Jul, 2021 at 12:02 AM
CTR Depreciation: Using SBE General Pool in Company Tax Return
This video demonstrates methods for -  Setting a start date. Learn more  Adding the General Pool Group Adding the General Pool with a...
Sat, 24 Jul, 2021 at 11:33 PM
CTR Depreciation: Small Business Entities (SBE) Tax Rates, Reconciliation and Simpler Depreciation for Company Tax Return
This video demonstrates methods for -  Setting a start date. Learn more  Adding the General Pool Group Adding the General Pool with a...
Wed, 11 Aug, 2021 at 9:20 AM
CTR Depreciation: Decline in Value (Depreciating Asset) in Company Tax Return
Question: Unable to complete the tabs in the tax reconciliation F, H and I as they are blocked out. i.e for decline in value of depreciating assets. Answ...
Tue, 12 Apr, 2022 at 12:25 PM
CTR Depreciation: 5 Year Preliminary Expense Amortization (Section 40-880) in Company Tax Return
This video demonstrates methods for -  Configuring a depreciation group for preliminary cost usage Adding preliminary costs How the accounti...
Sun, 25 Jul, 2021 at 12:47 AM
ITR Depreciation: Rental
Make sure to configure first the depreciation settings, learn more. Including Depreciation in Individual Tax Return Rental Properties This video demons...
Fri, 23 Jul, 2021 at 11:12 PM