Depreciation Tools

Motor vehicle with cost higher than the car limit and applying GST
Question: How GST applies for Motor Vehicle with higher than the car limit? Solution: ie, For GST registered, it is $52,346 since the GST of $523.60 wil...
Thu, 24 Jun, 2021 at 8:34 AM
ITR Depreciation: General Pool- Related to Business in Individual Tax Return
Click here to watch video. Make sure to complete the following information to avoid error in the forms. Setting -> General Setting  -> Contact Deta...
Fri, 23 Jul, 2021 at 11:44 PM
ITR Depreciation: General Pool Depreciation in Individual Tax Return Business Schedule (Sole Trader)
Including General Pool Depreciation in Individual Tax Return Business Schedule This video demonstrates methods for -  creating a general pool ...
Sat, 24 Jul, 2021 at 12:27 AM
ITR Depreciation: Low Value Pool (Business Related) in Individual Tax Return
First step is to configure the depreciation settings, learn more. Make sure to complete the following information to avoid error in the forms. Setting -&g...
Fri, 23 Jul, 2021 at 11:42 PM
ITR Depreciation: Low Value Pool Depreciation in Individual Tax Return Financial Investments
Make sure to configure  depreciation settings first, learn more.  Including Low Value Pool Depreciation in Individual Tax Return...
Sat, 24 Jul, 2021 at 12:08 AM
ITR Depreciation Expense > SBE > P10
Question:  The depreciation expenses show at P10 as an immediate write-off, it does not get deducted as business expenses, in other words, it has t...
Tue, 3 Aug, 2021 at 9:51 AM
TTR/PTR Depreciation: Using SBE General Pool and Immediate Write Off in Trust or Partnership Tax Return
This video demonstrates methods for -  Setting a start date. Learn more Adding the General Pool Group Adding the General Pool with an opening balance ...
Sat, 6 Nov, 2021 at 4:17 PM
Depreciation: Profit on Sale / Recoupement
In some instances, a depreciable asset is sold for a value greater than the written down value and less than it's original cost. It will be necessary t...
Sat, 18 Jul, 2020 at 1:24 AM
Depreciation for Self-Education Expenses
You may access depreciation for self education expense via "Tools" Below example is a depreciation under "Plant & Equipment" for ...
Tue, 2 Feb, 2021 at 11:36 AM
CTR Depreciation: Small Business Pool (SBE) - Temporary Full Expensing
Please have an understanding of the new SBE Simpler Depreciation rules for small business (Turnover < $10,000,000.) and Temporary Full Expensing - Bigger...
Sun, 25 Jul, 2021 at 1:31 AM