When you enter a trade-in allowance on the S8Asset, TaxCycle incorrectly reduces the class 10.1 capital cost by the amount of the trade in.
known issue T2 CCAExtends the supported corporate tax year ends for T2 and AT1 returns up to May 31, 2022. Automatic calculation of immediate expensing of CCA.
release notes T2 CO-17 AT1 CCA immediate expensing T2125 Xero .NETAccelerated CCA calculations in TaxCycle T2 may show a negative half-year adjustment on T2 Schedule 8 and S8Asset.
CCA capital cost allowance UCC half-year rule Accelerated CCA